Fintech regulations

Robinhood backs down after outcry over checking account

12/15/18

Robinhood Financial has rebranded its service, deleted tweets about its launch and scrubbed the page from its website.

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Bankers cry foul over Robinhood’s checking and savings accounts

12/14/18

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

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CRA strife, fintech charter, updating AML: Inside Otting's first year

12/12/18

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

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Mulvaney's last move at CFPB aims to help fintechs

12/11/18

The agency's departing acting director filed a proposal Monday for a new sandbox that would grant firms a legal safe harbor and "exemptive relief" from enforcement.

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CFPB catches flak from banks, credit unions on risks of AI

12/06/18

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

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FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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Swelling corporate debt could come back to bite banks: OCC

12/03/18

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

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Blockchain's backers concede it has been tainted by crypto

11/30/18

To convince skeptical bankers about the benefits of distributed ledger technology, some suggest it needs to be separated from the volatile digital currency it underlies.

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McHenry elected top GOP member of House banking panel

11/30/18

The North Carolina lawmaker had been considered for a potentially bigger House leadership position if Republicans had held on to their majority.

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CFPB’s ‘disclosure sandbox’ puts consumers at risk

11/19/18

The initiative would allow financial firms to test new — and potentially less transparent — disclosure forms on customers.

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