Andy Barr’s ‘vision’ for housing finance services

“We have serious people working on financial innovation that will create many jobs, create wealth, and further solidify America as a global financial powerhouse,” he said. “But there are pitfalls, there are things to be careful about, and regulators and lawmakers need to make sure we’re building a foundation, but not an overly prescriptive set of rules. So I think it’s difficult to sit here and not understand some of what’s going on. “We’re excited about innovation, but at the same time, how do we regulate it and make sure it complies with our regulations?”