hello, my name is melissa penny, and i wanted to ask, supervise the internet, our social media brady are being made and need that ever before on it. ok, so a rain, what you thought about the surplus of production and consumption of outlast, and it is a threat or an opportunity for to bass artist, creativity. certainly, ah, internet to our tech technology mom provide us human society. some somebody never experienced that before. and also we don't know how it would affect or, or understanding of value and, or exchange of values and, or even just to own some saying, you know, and, but certainly because c medicine has been changed. so surveys use social media and off i phones, the film become, are in crisis, you know, but don't most people very hard even to go to a theater, to look at the a film and you more because we are used to easily together cream formation in very short on time and a big cannot have the same kind of patients to see the film i developing or less a story. but we, i, i mean, i take good point about film. you're absolutely right. film has but there are many arts that y

penny lee the ceo of financial technology association, we also have ms. florence sanders the associate director of the national consumer law center. and we have melissa torres joining us virtually. ms. torres is the director of policy for center for responsible lending. lastly we welcome mr. brian the ceo and president of the innovative payments association. witnesses are reminded their oral testimony will be limited to five minutes he was should be able to see a timer in front of you somewhere, on the screen or the desk in front to be that will indicate how much time you have left. i like to ask you to be mindful of the timer so we could be respectful about the witnesses and the committee #without objection your written statements are already made part of the record. doctor brody, you are not welcome to offer a five minute summary of your presentation of your testimony, thank you. >> good morning chairman lynch and members of the task force on financial technology. i am a fellow in the program. thank you for the opportunity to appear before you to discuss consumer lending projects offered by technology companies. financial technology companies can m