While some policymakers are open to accommodating fintech companies with looser oversight compared to banks, the New York State superintendent is unapologetic about her tough approach. ... Read full article
Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more. ... Read full article
Observers see recent comments by acting Comptroller of the Currency Keith Noreika as a sign that the agency may plow ahead on its policy for fintech firms. ... Read full article
Acting Comptroller of the Currency Keith Noreika should take some time to assess whether the agency’s fintech charter is developing in a way that best serves the public. ... Read full article
Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity. ... 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
An improved state-level system could be a tremendous advantage. Working closely with a cooperative regulator, innovators large and small can rapidly test a concept within state lines. ... Read full article
The Office of the Comptroller of Currency is trying to do its part to address fintech regulation, but the OCC lacks the mandate to solve the broader fintech issues facing the entire financial ecosystem. ... Read full article
The industry needs to establish a clear set of rules and standards so safe and secure financial data access and sharing continues unrestricted. ... Read full article
We need continue the dialogue between state regulators and fintech firms on a broad range of important issues impacting this growing industry. ... Read full article
At a time of dangerous political division, the plan to grant federal charters to financial technology firms can address policy goals favored by both parties. ... Read full article
National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo. ... Read full article
Cannabis could become a national $100 billion industry within 10 to 15 years. The U.S. has a choice: responsibly regulate cannabis or allow cannabis to become a narco-state unto itself. ... Read full article
The plan to offer special-purpose national charters to fintech companies is a one-size-fits-all approach that could prove detrimental to the growth of startups. ... Read full article
The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter. ... Read full article
Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority. ... Read full article
