Licenses and charters

Can state AGs really serve as 'mini-CFPBs'?

08/20/18

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

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Who's on first? The confusing state of federal fintech regulation

08/09/18

A week after the Treasury Department laid out a plan for federal fintech regulation, it is already unclear which agency is leading the charge.

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ICBA calls for a new FDIC moratorium on industrial loan charter applications

08/01/18

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.

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With OCC’s door officially open, will fintechs enter?

08/01/18

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

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After years of debate, OCC to offer fintech charter

07/31/18

The decision, unveiled just hours after the Treasury Department endorsed the charter concept, means some fintech firms could soon be regulated more like banks.

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Square quietly withdraws bank application

07/05/18

The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.

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‘Sandboxes make me nervous’: 10 questions for California bank commish

06/22/18

Jan Lynn Owen works at the epicenter of the digital revolution, but she is unambiguously cautious about the fintech industry.

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How Treasury could come down on fintech regulation

06/12/18

With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.

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Decision on fintech charter coming this summer: OCC’s Otting

05/24/18

The remarks by the comptroller of the currency came as his agency released a new report on emerging risks in the banking industry.

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With OCC wavering on fintech charter, judge drops states’ lawsuit

05/01/18

Judge Dabney Friedrich ruled that the case could not proceed because the OCC has not actually granted the fintech charter to any firm.

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