Fintech and Transparency in Small Business Lending

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rep phillips“Increasing the flow of capital to American small businesses is one of this committee’s foundational goals,” said US Rep Dean Philips (D), chairman of the House Small Business Committee, on Wednesday. Phillips was presiding over a hearing on fintech and transparency in small business lending

Witnesses invited to testify on the subject included:

  • Sean Salas, CEO, Camino Financial
  • Joyce Klein, Senior Director, Aspen Institute
  • Diane Patterson, Regional Director, Twin Cities Small Business Development Center
  • John Griffin, Chair in Finance, McCombs School of Business, University of Texas

Both members of the Committee and the witnesses shared varying opinions on how to accomplish transparency. Although this is the not the first congressional hearing of its kind, the timing indicates that federal interest is piggy-backing off of similar conversations playing out in several state capitols. The hour-long video is below:

Last modified: July 13, 2022

Category: Regulation

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