News Topic: Fintech regulations

All of the GOP members on the House Financial Services Committee called on the regulator to consider "administrative decisions" to offset the impact of the 2015 decision. ... Read full article

A first-in-the-nation bill that drew unanimous support from the state Senate failed to get over the finish line this year. What happened? ... Read full article

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive. ... Read full article

A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply. ... Read full article

Readers react to the Trump administration's release of a housing finance reform plan, a proposal by HUD to redefine "disparate impact," and challenger bank claims they can end bank fees for good. ... Read full article

The bureau issued three policies removing the threat of legal liability for approved companies that test new products. ... Read full article

With no fintech applicant officially seeking the agency’s specialized charter, Judge Dabney Friedrich said claims by the Conference of State Bank Supervisors still were not ripe. ... Read full article

Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise. ... Read full article

Treliant and Federal Financial Analytics have established a one-stop shop to guide financial institutions through uncertain business and policy times. ... Read full article

Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group. ... Read full article

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage. ... Read full article

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States. ... Read full article

The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability. ... Read full article

The FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees. ... Read full article

Financial institutions welcome regulatory feedback on their fintech offerings, but the industry wants the agency to waive enforcement for approved products. ... Read full article

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership. ... Read full article

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC. ... Read full article

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles. ... Read full article