• 12.19.18

    FDIC Pushes for De Novo Banks

    Undertaking a serious push to encourage de novo banks, the Federal Deposit Insurance Corporation (FDIC) announced multiple initiatives and released new resources in the hopes of attracting new banks.

  • 12.05.18

    Regulatory Push for Industry Collaboration, Technology Continues

    Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams emphasized the need for partnership and collaboration with the financial services industry, in recent remarks at a fintech conference.

  • 12.05.18

    FDIC Encourages Small-Dollar Lending in New RFI

    The Federal Deposit Insurance Corporation (FDIC) has signaled renewed interest in small-dollar lending.

  • 11.07.18

    Regulators Embrace Innovation

    “Innovation” is the keyword for regulators across the country, with the Federal Deposit Insurance Corporation (FDIC) announcing the agency will create an office to encourage banks to try out new financial technology and the Securities and Exchange Commission (SEC) launching what it ...

  • 10.24.18

    A Need for Speed: FRB Considers Options for Faster Payments

    In an effort to facilitate real-time interbank settlement of faster payments, the Federal Reserve Board (FRB) is asking for input from industry stakeholders on the best options.

  • 10.10.18

    New York DFS Files Second Suit Over OCC Fintech Charter

    Here we go again: The New York Department of Financial Services (DFS) has filed its second lawsuit against the Office of the Comptroller of the Currency (OCC) over the agency’s plan to permit fintech companies to apply for Special Purpose National Bank Charters.

  • 10.10.18

    Latest Buzz: Is California Regulator Readying New Financial Regulations?

    In a sign that the California Department of Business Oversight (DBO) is contemplating new enforcement activity or possibly proposed regulations in the lending space, the DBO sent letters to 20 consumer installment lenders asking for details about their annual percentage rates (APRs) and online ...

  • 08.29.18

    FinCEN Director Gets Real About Virtual Currency

    Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco recently discussed his agency’s efforts in the area of virtual currency, explaining the fine line between encouraging innovation and protecting consumers.

  • 08.29.18

    State Regulators Busy With Fintech Sandbox, Investigation and Settlement

    In state-specific news, Arizona opened its sandbox for fintech play, Lending Club revealed that Massachusetts is following in the footsteps of the Federal Trade Commission (FTC) and the Georgia attorney general reached a $75,000 settlement with a financial institution over unauthorized fees.

  • 08.16.18

    States Take Action on Bitcoin Online Lending

    State regulators are keeping a close eye on cryptocurrency and digital lending activities, with a cease and desist order involving bitcoin and a new law targeting online lenders.

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