Remove DC Remove Fintech Remove Innovation Remove Regulation
article thumbnail

How regulators can foster competition and bolster AI innovation

American Banker

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

article thumbnail

Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

That’s because, a few days later, the Chamber of Digital Commerce announced a team-up with DC seed fund 1776 to launch the DC Blockchain Center, the first of its kind in the city. Patrick McHenry (R-NC) introduced a new House bill to keep FinTech companies and innovation stateside. This comes after Rep.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Take a risk-based approach to compliance management

Insights on Business

Attend IBM Watson Financial Services RegTech Forum in Washington, DC on March 28. Parkinson, former director of the Division of Banking Supervision and Regulation for the Federal Reserve Board, provides the opening address at the IBM Watson Financial Services RegTech Forum. Mr. Patrick M.

article thumbnail

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78
article thumbnail

Acting Comptroller discusses crypto risks, including use of bank-like terminology

CFPB Monitor

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J. In time, people get hurt.”

article thumbnail

Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. Much of the latest buzz has come from the recently released Treasury report which focuses largely on the Trump administration’s outlook for financial innovation.

article thumbnail

AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

Innovation in microprocessors — particularly Nvidia’s graphic processing units (GPUs) — have played a large role. Risk of automation is highest in predictable work environments in industries with lower regulations. The Lowe’s Innovation Lab partnered with startup Fellow Robots to build retail robots OSHBot and LoweBot.