CFPB Monitor
FEBRUARY 16, 2022
As we also reported , the California Department of Financial Protection and Innovation (CADFPI) proposed implementing regulations in September 2020, modifications to its proposal in April 2021, second modifications in August 2021, third modifications in October 2021, and fourth modifications in November 2021.
CFPB Monitor
MARCH 15, 2022
Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. The DFPI is not alone in asserting a “true lender” claim.
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Fintech Labs Insights
MAY 2, 2017
The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. In March, the company partnered with SAP Ariba, and teamed up with Genpact to provide better KYC and compliance solutions for FIs.
Independent Banker
MARCH 31, 2022
The CEO, CFO, chief lender, chief compliance officer, operation lead, head tellers, branch managers and HR manager of the $330 million-asset community bank participated. The bank has to communicate from day one why we’re changing,” says Charles Potts, executive vice president and chief innovation officer for ICBA. Click to enlarge.
CFPB Monitor
SEPTEMBER 10, 2020
The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. In particular, the DBO seeks to learn whether LoanMart’s arrangement with CCBank is a direct effort to evade the [FACA], an effort which the DBO contends would violate state law.”.
Independent Banker
JULY 31, 2022
Often, these bankers rose to the occasion by employing tech solutions or other innovative approaches. All the interesting, customer-facing innovation that we see—all the fun stuff in banking—is coming from technology,” observes Adkins. Elizabeth Judd is a writer in Maryland. Use technology to drive down costs.
PYMNTS
SEPTEMBER 22, 2017
B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.
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