NMI
SCOTT TALBOTT TITLE : SENIOR VICE PRESIDENT OF GOVERNMENT AFFAIRS
INDUSTRY : TECHNOLOGY LOCATION : UNITED STATES
The Federal Trade Commission ( FTC ) has also scrutinised fintechs and payments companies . The FTC has developed new enforcement approaches and continues to bring actions against payment processors , payment facilitators , and similar companies .
These developments demonstrate that federal regulators in the areas of consumer protection are keenly focused on the fintech industry and its potential impact on consumers , businesses , and the economy .
Regulations , due diligence and preserving consumer trust One of the biggest questions that payment providers are facing is : Are the majority of companies in this sphere genuinely prepared for the increased liability that ’ s coming into the industry ?
EXECUTIVE BIO
Scott Talbott is Senior Vice President of Government Affairs at the Electronic Transactions Association ( ETA ) in Washington , D . C . and is responsible for its governmental strategies , and directing all of ETA ’ s policy and advocacy efforts . He also runs ETA ’ s Industry Affairs Department , responsible for ETA ’ s business policies . Talbott has over twenty years of experience advocating for the financial services and FinTech industries . He has received numerous accolades in his tenure , including being named a top lobbyist by The Hill for eleven years in a row from 2009 to 2021 , as well as a “ winner ” for his work during the economic crisis of 2008 by Washingtonian magazine . In 2010 , he appeared in the Oscar-winning film “ Inside Job .” Once named NPR ’ s favourite bank lobbyist and the voice of the financial services industry .