Overview
Inside Sources quoted Steptoe partner Doug Kantor in a January 15 article titled “Uber, But for Banks: Wall Street Braces for Tech-Fueled Disruption.” The article discusses how the nation’s big banks are seeking new government regulations to protect them from the emerging industry known as financial technology or “fintech.”
“What they want to do is strangle these innovations in the cradle,” says Mr. Kantor, who represents the retail industry that has long sought to break the hold banks and card companies have on the payments business.
The full article can be read at Inside Sources.