Fintech regulations

Fintechs could make life easier for overtaxed SBA

02/15/19

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

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States agree to sweeping reg reforms for fintechs

02/14/19

A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.

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Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

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State AGs assail CFPB plan to build fintech sandbox

02/12/19

The bureau wants to further remove the threat of legal liability for firms that test products benefiting consumers, but the attorneys general say the agency cannot provide immunity from state law.

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Dear Congress: Time to clarify ‘true lenders’

02/12/19

Lawmakers should step in to address the proper status of loans made by banks that have partnered with fintechs, rather than letting the courts decide.

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The case that’s challenging bitcoin’s status as payment instrument

02/12/19

Undercover cops arrested a Miami Beach man for trying to sell bitcoin for dollars. Carlton Fields attorney Matthew Kohen explains what the case means to banks.

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BB&T-SunTrust, GSE reform's QM problem, Swift's Ripple response: Top stories of the week

02/08/19

Wide coverage of the mega-deal between BB&T and SunTrust; GSE reform, CFPB underwriting rule are on collision course; Swift showing more swagger in its rivalry with Ripple; and more from this week's most-read stories.

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Why the U.S. needs data-sharing rules

02/05/19

Steve Boms, executive director of the Financial Data and Technology Association, says open banking standards are needed for U.S. banks and fintechs to follow.

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‘A lot of people are going to get hurt’: Petrou on fintech risk

02/04/19

Policymakers need to update banking regulations to minimize the risks posed by technology companies entering financial services, a well-known policy analyst says in a new paper.

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CFPB’s innovation efforts hold promise

02/04/19

The bureau’s updated no-action-letter policy and “product sandbox” proposal are important steps in helping the industry adapt during this period of rapid change.

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