While the government shutdown continues, the impact on federal workers is painfully evident; it is also starting to create serious problems for fintech firms — “slowing dealmaking, impairing supervision and casting a pall over the presumed pre-eminence of the U.S. as a fintech superpower.”; while IPOs have been put on hold securitization deals have also been put on hold since there are no SEC staff in place to approve them; fintech policy development is also mostly on hold across the country; some agencies remain unaffected, though, with the FDIC, Federal Reserve and CFPB operating as normal. Source.
