How Treasury could come down on fintech regulation


With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.


Regulators, smaller banks still need to sweat the details on CECL


A new accounting standard will soon go into effect, but banks still lack clarity on how to conform.


Will multistate licensing plan be enough to woo fintechs?


Fintech firms and industry watchers hope the pilot program will help fix a balkanized chartering system, but getting enough states on board to expand the plan's reach could be a challenge.


PHH Mortgage to pay $45M to settle robosigning allegations by 49 states


PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to 2012.


Despite court win, OCC still faces legal 'landmine' over fintech charter


The dismissal of a lawsuit challenging the creation of a fintech charter gives the agency more time to refine its policy, but the court ruling may set up future legal challenges.


Future 'bleak for many, shiny for some' small banks


Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models.


A Texas banker's advice to peers: Be your own policy advocate


Cynthia Blankenship, an executive at Bank of the West in Grapevine, Texas, has been a regular in Washington for years fighting for regulatory changes. She is encouraging other bankers to do likewise.


Small mortgage lenders seek exemption from CFPB exams


In a recent letter, two trade groups representing that industry lobbied Treasury Secretary Steven Mnuchin to support a bill that would give oversight of nonbank mortgage lenders exclusively to state regulators.


States modernize licensing system as more fintechs eye bank charter


The changes to the National Multistate Licensing System will include a more customized user experience for companies and functionality for states to share examination data.


SoFi’s bid to become an industrial bank pulls FDIC into fintech fray


The deposit insurer has stayed out of the debate over how to regulate the online lending industry. But that may be about to change.