If Gov. Jerry Brown signs the legislation headed to his desk, it would be the first law of its kind in the U.S. It is designed to allow small-business owners to make comparisons between offers in the often bewildering world of online business lending. ... Read full article
As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies. ... Read full article
Financial companies have less than a month to address a third round of cybersecurity requirements, the agency warned. ... Read full article
The New York Department of Financial Services report recommended putting online lenders on a more equal playing field with traditional firms. ... Read full article
The settlement resolves one of several regulatory issues that have dogged the German bank's U.S. operations. ... Read full article
The bank sought to evade the consequences of compliance failures including weak scrutiny of transactions that could be tied to North Korea, the N.Y. banking superintendent said in demanding access to communications between the bank and its new supervisor, ... Read full article
Several tough critics of the financial industry are said to be on the shortlist to replace New York's attorney general. ... Read full article
Judge Dabney Friedrich ruled that the case could not proceed because the OCC has not actually granted the fintech charter to any firm. ... Read full article
The New York Department of Financial Services is encouraging banks to review ties with the firearms industry. ... Read full article
Randal Quarles found himself in the middle of an issue that typically doesn't fall under a bank regulator's purview. ... Read full article
New York Attorney General Eric Schneiderman asked 13 cryptocurrency exchanges for detailed information about their operations as part of a "fact-finding inquiry." ... Read full article
The agency should consider exempting some registered cryptocurrency exchanges from state money transmission laws. ... Read full article
A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity. ... Read full article
New York's banking regulator has asked Deutsche Bank and a pair of local lenders to provide information about their relationships with Jared Kushner, his family and the Kushner Cos., according to people familiar with the matter. ... Read full article
The state's banking regulator, Maria Vullo, said in a legal filing that the Tokyo lender's request last year to shift regulators — trading its state license for a federal one — was granted arbitrarily and unlawfully. ... Read full article
The blockchain startup continues to pack its board with mainstream finance experts. ... Read full article
The dismissal of a lawsuit challenging the creation of a fintech charter gives the agency more time to refine its policy, but the court ruling may set up future legal challenges. ... Read full article
A district court judge said the state’s suit against Office of the Comptroller of the Currency is premature because the agency has not finalized its fintech charter nor has any firm applied for it. ... Read full article
Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies. ... Read full article
The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules. ... Read full article
