Discussion of Fiduciary Rule Implementation and Tech-Based Lending at 2016 Financial Conference

Discussion of Fiduciary Rule Implementation and Tech-Based Lending at 2016 Financial Conference The passage mentions former President Trump and potential SEC action on a fiduciary rule, but provides no concrete allegations, financial flows, or misconduct. It mainly outlines industry concerns and conference discussions, offering minimal investigative value. Key insights: Reference to Trump and Congress possibly deferring fiduciary rule decisions to the SEC; Industry concerns about contract liability under the BIC and implementation timelines; Tech-based lenders cite lower customer acquisition costs versus banks