Fintech regulations

Otting touts OCC to foreign banks seeking U.S. presence

11/14/18

In a speech in Japan, the comptroller of the currency urged overseas institutions to consider a “single regulatory framework” instead of applying to multiple states.

[more]

AI must be scrutinized by regulators, top Fed official warns

11/13/18

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

[more]

Fintechs to law enforcement: Let’s be partners, not adversaries

11/09/18

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.

[more]

Fintechs interested in OCC charter despite lawsuits: Otting

11/07/18

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.

[more]

Small banks join forces to address fintech challenges

11/07/18

The consortium is starting out with a dozen banks and could have 50 within a year.

[more]

Politics vs. innovation: How the midterms changed fintech

11/07/18

The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global interoperable mobile-driven commerce.

[more]

Financial technology needs rules of engagement

11/06/18

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

[more]

Banking needs a regtech sandbox

11/02/18

Instead of focusing on testing grounds for fintech startups, regulators should develop initiatives to improve their own oversight and compliance technologies.

[more]

FDIC chief adds dose of caution about nontraditional bank owners

11/01/18

Jelena McWilliams has signaled a thaw in the agency’s approach to industrial loan companies, but she said tech firms and other nonbanks seeking charters should face the same level of regulatory scrutiny as more traditional banks.

[more]

Bitcoin ATM operator Coinsource gets New York bitlicense

11/01/18

The approval marks the New York’s bank regulator 12th license to a crypto-related business.

[more]