Fintech regulations

'Get your facts right': Crypto firm disputes New York license denial

04/11/19

Cryptocurrency exchange Bittrex is protesting New York's decision this week to deny it a virtual license exchange, claiming that its rationale contains factual errors and its personnel were not well versed in blockchain.

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‘Straight out of the Reign of Terror’: Comments of the week

04/05/19

Readers react to Sen. Elizabeth Warren's "too big to jail" bill, respond to legislation prohibiting banks from denying service to gun dealers, consider the impact of housing finance reform on small lenders and more.

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No free pass for fintechs

04/03/19

Community banks are open to working with innovative financial startups, but regulators must ensure they face the same oversight standards as traditional banks.

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'There is no division in our industry': BofA's Moynihan

04/02/19

Banks of all sizes need to stick together to ward off threats from "unregulated" fintechs and other nonbanks, Bank of America Chairman and CEO Brian Moynihan said Tuesday.

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Banks should improve tech vendor service contracts: FDIC

04/02/19

Some contracts are not "adequately" defining which party — the bank or the vendor — is responsible for managing risks, the agency said.

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Are global regulators gunning for big tech?

04/02/19

Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.

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The story behind Varo Money’s bank charter push

03/26/19

Varo Money might become the first challenger bank to get a national bank charter. CEO and co-founder Colin Walsh explains why he wants Varo to become a bank.

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Smaller institutions should embrace, not oppose, fintechs

03/22/19

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

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'It’s hard to fix something that’s not really broken': Comments of the week

03/21/19

Readers debate the odds of legislative reform to Fannie Mae and Freddie Mac, consider the growing problem of "friendly fraud," weigh ways to avoid reputation problems and more.

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UBS warns on Q1 revenue; Deutsche’s U.S. workers ‘on edge’

03/21/19

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

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