News Topic: Fintech regulations

In October, U.S. District Judge Victor Marrero ruled against the OCC in a case brought by the New York State Department of Financial Services. ... Read full article

Despite assurances by Director Kathy Kraninger that the agency is cracking down on discrimination, the agency has not filed an enforcement action or sent a Department of Justice referral on a fair-lending violation in two years. ... Read full article

Banks are increasingly sharing data and must brace for new regulations protecting that data. ... Read full article

The Rakuten application has piqued interest in reviving legislation aimed at stopping commercial firms from owning banks. Yet Congress previously had the chance to enact such a measure and declined. ... Read full article

The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time. ... Read full article

The leader of a new Compliance and Payments Task Force dives into how it will address emerging issues of counterterrorism financing in the digital age. ... Read full article

The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks. ... Read full article

Facebook’s stablecoin initiative has inspired countless ideas about how to put fintech under the control of federal regulators. Here are the most critical questions. ... Read full article

The two Democratic senators said the bureau's policy could allow companies to circumvent consumer finance laws. ... Read full article

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks. ... Read full article

The fintech firm, which had made prior attempts to offer a federally insured consumer account product, said it has “no plans at this time” to become a bank. ... Read full article

A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be ‘better the devil you know than the devil you don’t.’ ... Read full article

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees. ... Read full article

Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more. ... Read full article

Former Comptroller Thomas Curry, who initially proposed the special charter now blocked by a judge, calls on policymakers to find another way to regulate financial tech startups. ... Read full article

Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system. ... Read full article

Congress can help create a more uniform federal regulatory testing ground to foster innovation. ... Read full article

The Clearing House is pushing contract terms that would give fintechs quicker access to consumers' financial information, but one large upstart has taken issue with the proposal's language. ... Read full article