CSBS

Are states gaining upper hand in fintech charter battle?

12/30/19

With fintech firms appearing stuck in neutral in their efforts to seek bank charters from federal regulatory agencies, observers say state licensing options could be in vogue again in 2020.

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Congress can work around court’s nixing of OCC fintech charter

11/18/19

Former Comptroller Thomas Curry, who initially proposed the special charter now blocked by a judge, calls on policymakers to find another way to regulate financial tech startups.

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Rate cap relief from FDIC doesn't go far enough, banks say

11/07/19

A proposal to revise how the agency calculates the restrictions for less than well-capitalized banks relies on faulty methodology and ignores competition from fintechs and credit unions, according to the industry.

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As federal fintech regulatory plans founder, a push for alternatives

11/05/19

Many in the space are seeking the creation of a "flexible" supervisory regime that relies on existing authorities and a hands-off approach from state agencies, but such a plan faces an uphill battle.

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State regulators propose draft language for multistate licensing

10/10/19

The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process.

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One community banker's plan to reach the underbanked

10/01/19

Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.

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Funding costs top small banks’ list of concerns

10/01/19

More community bankers now say that cost of funds, not regulatory expense, poses the biggest threat to profits, according to a new survey.

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Judge tosses out state regulators’ challenge of OCC charter a second time

09/04/19

With no fintech applicant officially seeking the agency’s specialized charter, Judge Dabney Friedrich said claims by the Conference of State Bank Supervisors still were not ripe.

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State regulators are critical to fintech oversight

07/15/19

The argument that only the federal government is up to the task is misguided.

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Are states up to the task of regulating Facebook?

07/01/19

Facebook’s plan to launch a cryptocurrency has raised concerns that state banking regulators may not be equipped to oversee large, international companies.

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