{"id":1626,"date":"2018-11-29T17:57:23","date_gmt":"2018-11-30T00:57:23","guid":{"rendered":"https:\/\/economicintegrity.org\/?p=1626"},"modified":"2018-11-29T17:58:24","modified_gmt":"2018-11-30T00:58:24","slug":"are-fintech-sandboxes-a-consumer-protection-desert","status":"publish","type":"post","link":"https:\/\/economicintegrity.org\/?p=1626","title":{"rendered":"Are fintech sandboxes a consumer protection desert?"},"content":{"rendered":"<p><a href=\"https:\/\/thehill.com\/blogs\/congress-blog\/economy-budget\/418770-Are-fintech-sandboxes-a-consumer-protection-desert%3F\" target=\"_blank\" rel=\"noopener\"><i class=\"fas fa-newspaper\" aria-hidden=\"true\"><\/i> By Lauren Saunders, Opinion Contributor | The Hill\u00a0<span class=\"submitted-date\">11\/29\/18<\/span><\/a><\/p>\n<p>\u201cFintech sandboxes\u201d are all the rage. The Consumer Financial Protection Bureau (CFPB) recently proposed a<a href=\"https:\/\/www.consumerfinance.gov\/about-us\/blog\/bcfp-office-innovation-proposes-disclosure-sandbox-fintech-companies-test-new-ways-inform-consumers\/\" target=\"_blank\" rel=\"noopener\">\u00a0disclosure sandbox<\/a>, the Arizona attorney general has adopted a<a href=\"https:\/\/www.azag.gov\/press-release\/arizona-becomes-first-state-us-offer-fintech-regulatory-sandbox\" target=\"_blank\" rel=\"noopener\">\u00a0fintech sandbox<\/a>, and both legislators and regulators in Washington are discussing ways to use sandboxes to promote financial innovation.<\/p>\n<p>A sandbox is a safe place to play, outside of the real world, and outside of real-world rules. Sandboxes are great for little children. But letting companies \u201cplay\u201d in the real world, taking real money from real people and exposing consumers to real risks without following the rules, is not child\u2019s play.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lauren Saunders, Opinion Contributor | The Hill\u00a011\/29\/18 \u201cFintech sandboxes\u201d are all the rage. The Consumer Financial Protection Bureau (CFPB) recently proposed a\u00a0disclosure sandbox, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11],"tags":[10,12],"class_list":["post-1626","post","type-post","status-publish","format-standard","hentry","category-fintech","tag-consumer-protection","tag-sandbox"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are fintech sandboxes a consumer protection desert? - Southwest Center for Economic Integrity<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicintegrity.org\/?p=1626\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are fintech sandboxes a consumer protection desert? - Southwest Center for Economic Integrity\" \/>\n<meta property=\"og:description\" content=\"By Lauren Saunders, Opinion Contributor | The Hill\u00a011\/29\/18 \u201cFintech sandboxes\u201d are all the rage. 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