The United States Treasury Department released a report on Fintechs.  The report, which is 622 pages long, offers a slew of 80 recommendations that are aimed at tailoring regulations for nonbank financial institutions and encouraging the development of financial technology.

Releasing the report, Steven Mnuchin, the treasury secretary states: “Creating a regulatory environment that supports responsible innovation is crucial for economic growth and success, particularly in the financial sector.”

Get a copy of the US Treasury Fintech Report here.