142 - Consumer Protection Becomes Counterproductive But Many Regulators Fail to Notice This Trend

<p dir="ltr">Consumer protection, especially in recent years and especially in Europe and the western world, has become counterproductive. </p> <p dir="ltr">Some regulators believe that we don’t need more FInTech startups because we already have enough of them and because more startups may fail and hurt consumers.  </p> <p dir="ltr">I disagree. We need more startups because many financial services are still inefficient and many problems are not solved, which means we need more innovation and more disruption. Let’s talk about it.<strong><br /></strong></p> <p dir="ltr"> </p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[01:23] Many regulators have slowed down the approval of new applications.</p> <p dir="ltr">[02:56] The current situation in the financial sector is far from ideal.</p> <p dir="ltr">[04:37] The investment process is very difficult right now.</p> <p dir="ltr">[06:09] It is clear that we need more innovation.</p> <p dir="ltr">[07:50] Consumer protection is so important.</p> <p dir="ltr">[10:24] It’s hard, but try to find a retirement service provider that is innovative and aggressive.</p> <p dir="ltr">[12:01] What should be the role of the government on consumer protection?</p> <p dir="ltr">[13:29] What is your opinion on the balance between consumer protection and regulations and personal choices?<strong><br /></strong></p> <p dir="ltr"> </p> <p dir="ltr"><strong>Show links:</strong></p> <ul> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>Interested in FinTech compliance? - consider investing in the <a href= "https://yana-afanasieva.mykajabi.com/offers/Xhz4DQyy">FinTech Compliance Self-Starter Package</a>!</strong></p> </li> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>I would love to invite you to sign up for my newsletter. If you are interested, please click <a href= "https://competitivecompliance.lpages.co/linkedin-connection/">here.</a></strong></p> </li> </ul>