News Topic: Fintech regulations

It is easy for banks to get caught up in what appears innovative but ends up being for show. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

The Office of the Comptroller of the Currency on Wednesday released more information on how it plans to evaluate and supervise fintech companies seeking a bank charter. ... Read full article

In trying to defend the fintech charter from attacks on the left, Comptroller Thomas Curry wound up frustrating the GOP. ... Read full article

New York's financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state's budget, but the provision was not included. ... Read full article

House Republicans' concern with the Office of the Comptroller of the Currency's fintech charter signals growing lawmaker resistance to the plan, which was already opposed by two prominent Senate Democrats earlier this year. ... Read full article

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' ... Read full article

Comptroller of the Currency Thomas Curry defended plans to offer a nonbank charter to fintech firms, disputing, among other things, arguments that his agency lacks the legal authority to do so. ... Read full article

First half: Brett King says the OCC fintech charter is overdue. Second half: fintech and refugees. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

The New York State Department of Financial Services is hoping to expand its authority to marketplace lenders, brokers, merchant cash advance companies and others that previously could operate in the state without a license. ... Read full article

Some fintech firms are flatly rejecting the Office of the Comptroller of the Currency's creation of a charter for such firms, citing fears that it will come with too many strings attached. ... Read full article

The Online Lending Policy Institute says it aims to fill a gap in fintech research. ... Read full article

Jan Owen, California's commissioner of business oversight, on Tuesday invited representatives of 13 fintech companies to a "frank, constructive dialogue" on the obstacles they face with state licenses. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

Brian Peters, the executive director of Financial Innovation Now — which brings together five of the largest tech companies — discusses the group's view on the screen-scraping debate, the new fintech charter and the rivalry between banks and ... Read full article

Easing regs without mulling the consequences could hurt the financial system, but a fintech charter and other careful reforms could promote innovation, Patrick Harker said. ... Read full article

The new president should establish a pro-innovation culture that avoids picking winners and losers and blocks regulations that unduly hamper innovation. ... Read full article