“You can imagine a group like this now saying to lawmakers, ‘We are not like them, we should be regulated relative to what we are and what we do, as opposed to banks who pose different risks,'” Knight said.But Knight said it’s not just as simple as “banks vs. fintech” because the banking industry is not uniform in its attitudes towards tech companies.

Source: Tech Giants Join D.C. Fray to Battle Bank Calls for Regulation | American Banker