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

DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

“While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. Such competitive pressures may lead us to maintain or lower our commission rates and fees,” the food delivery company noted in the filing.

DC 226
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

article thumbnail

DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

“While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time.

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

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.

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