# Professor Lawrence White explains why both state and federal entities have called for the regulation of fintech companies

1 Faculty News August 13, 2018 ![InsideSources logo](/sites/default/files/styles/246w/public/assets/images/insidesources192x144.jpg?itok=GlAcADI_)>

Excerpt from [InsideSources](http://www.insidesources.com/fintech-booms-state-federal-regulators-want-piece-pie/) -- “Partly this is pure power and jurisdiction, but also I think the states genuinely believe that ‘We the states do a better job of regulating financial entities that have a lot of consumer facing aspects, we do a better job of protecting our consumers.’ The feds have a tradition of neglecting consumers and being more partial to the businesses and banks that they regulate. So the states are saying, ‘We can do a better job.'”

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