Veteran regulations lawyer Meredith Fuchs joins Plaid as GC - Business Insider

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Visa-owned fintech Plaid has hired a former regulator as its new general counsel to help it better work with wary banks — here's how her consumer champion background will be key

Fuch foresees a potential challenge in helping banks, who are typically very focused on risks, understand that fintech products can actually benefit their customers and business.

In 2011, Fuchs spent a year as the chief investigative counsel for the US House of Representatives, before joining the government's newly-minted Consumer Financial Protection Bureau in the wake of the financial crisis. Fuchs then moved in-house, spending four and a half years as senior vice president and chief counsel at Capital One. She helped the bank "make the right choices and stay out of trouble" as it navigated the complex regulatory landscape.How lawyers can break into the $34.

 

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