The Government Shutdown is Hurting Fintech

While the government shutdown continues, the impact on federal workers is painfully evident; it is also starting to create serious problems for fintech firms — “slowing dealmaking, impairing supervision and casting a pall over the presumed pre-eminence of the U.S. as a fintech superpower.”; while IPOs have been put on hold securitization deals have also been put on hold since there are no SEC staff in place to approve them; fintech policy development is also mostly on hold across the country; some agencies remain unaffected, though, with the FDIC, Federal Reserve and CFPB operating as normal. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.