A tech solution to the pot banking problem
New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws. ... Read full article
New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws. ... Read full article
China dominates the business. Facebook's proposed cryptocurrency could help alter the balance of power. ... Read full article
Readers react to Sen. Warren calling for banks to fund her Medicare plan, a proposal requiring big-bank CEOs to testify before Congress, federal regulators missing Trump-appointees on their board and more. ... Read full article
Many in the space are seeking the creation of a "flexible" supervisory regime that relies on existing authorities and a hands-off approach from state agencies, but such a plan faces an uphill battle. ... Read full article
It’s been a bumpy decade for crypto and blockchain, but both are here to stay. ... Read full article
It should offer some form of guidance to spur innovation, a former official with the bureau says. ... Read full article
Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start. ... Read full article
Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories. ... Read full article
It's time to establish a fintech commission. ... Read full article
The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks. ... Read full article
The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Commodity Futures Trading Commission, and the Securities and Exchange Commision announced Thursday they had joined the Global Financial Innovation Network. ... Read full article
A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing. ... Read full article
A regulatory cloud still follows fintech companies following a judge's decision throwing out the Office of the Comptroller Currency’s special-purpose charter. ... Read full article
The judge sided with the New York Department of Financial Services, which had sued the OCC over the proposed charter. ... Read full article
Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says. ... Read full article
The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process. ... Read full article
FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency. ... Read full article
Readers react to a regulator's promise to reduce regulation that hinders innovation, Sen. Elizabeth Warren's plan to impose heavier taxes on lobby groups, Freddie Mac's exploration into AI and more. ... Read full article
Jelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology. ... Read full article
She turned around troubled business units, rebounded after a demotion and beat cancer. Now Bank of America’s chief operations and technology officer is taking on her biggest challenge yet: ensuring AI is used responsibly. ... Read full article