The Congressional Payments Technology Caucus (CPTC), formed March 19, 2015, will expand oversight into payment technologies, data security and alternative payment schemes that exist outside the traditional banking footprint. Committee members include House Representatives Lynn Westmoreland, R-Ga., Randy Neugebauer, R-Texas, David Scott, D-Ga., and Kyrsten Sinema, D-Ariz. The representatives share an interest in consumer protection and concurrently serve on the House Financial Services Committee.
Jason Oxman, Chief Executive Officer at the Washington, D.C.-based Electronic Transactions Association hailed the newly formed caucus as an important new development for the payments industry and U.S. economy.
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