Photo of Rene McNulty

Rene is an associate in the firm’s Consumer Financial Services Practice Group. He provides regulatory compliance guidance to banks, fintechs, lenders, debt collectors, neobanks, blockchain technology and crypto currency companies, and other financial institutions, on a broad spectrum of consumer financial services laws.

On July 12, U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) reintroduced legislation, titled the Responsible Financial Innovation Act that would establish a comprehensive regulatory framework for crypto assets. This proposed bill expands on the bill the senators introduced in 2022 by adding new consumer protections and safeguards to further strengthen the industry against fraud and bad actors, among other additions.