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In a webinar hosted by the Innovative Payments Association last week, Christina Tetreault, the new leader of the Office of Financial Technology and Innovation (OFTI) within the California Department of Financial Protection and Innovation (DFPI), gave us a glimpse of the OFTI s purpose, function, and initial goals. Tetreault also welcomed discussion and questions from the audience about the role of the OFTI.
Tetreault emphasized the OFTI s focus on outreach and engagement. To that end, she is leading efforts to collect as much feedback from a broad range of individuals, including industry stakeholders and consumers, concerning the issues underlying financial services technology and innovation. She even invited webinar participants to submit meeting requests and shared her direct email address.
CADFPI announces hiring of Christina Tetreault to lead Office of Financial Technology and Innovation | Ballard Spahr LLP
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IN BRIEF: California regulator hires ex-Consumer Reports atty to lead new innovation office
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The California flag flies above City Hall in Santa Monica, California February 6, 2009. REUTERS/Lucy Nicholson (UNITED STATES)
(Reuters) - California’s financial regulator has tapped an attorney with a background in consumer protection to lead a new office aimed at fostering responsible innovation in fintech.
The California Department of Financial Protection and Innovation said Monday that Christina Tetreault, who most recently served as manager of financial policy for Consumer Reports, would lead its Office of Financial Technology and Innovation.
The new office was mandated by a law that took effect in January. The law expanded the DFPI’s authority to oversee fintech companies, debt collectors and other previously unregulated businesses.