CFPB Monitor
JANUARY 12, 2021
The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB. As a result, the DFPI has been labeled a “mini-CFPB.”.
Insights on Business
JULY 20, 2017
The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Alternatively, they can have precise, fact-based, financial advice, or they can be offered products that are tailored to their specific needs. Open banking for all.
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CFPB Monitor
SEPTEMBER 8, 2020
The CCFPL requires the DFPI to establish a “Financial Technology Innovation Office.” We may have to wait and see how aggressive the DFPI is in exercising its new UDAAP rulemaking and enforcement authority, but we note that its authority is expansive. Additional Aspects of the CCFPL.
Jeff For Banks
APRIL 29, 2021
But for this exercise, I leaned on my family. Before release, I noticed that two of my social media contacts that served financial institutions and financial technology companies penned their own tomb: Beyond Good. Oftentimes success is measured by them. What's In A Name? And I bounced a few off of Kate, my editor.
Tech and Finance
JUNE 14, 2018
I publish occasionally at the Articulate Communications blog on issues of financial technology, banking and associated public relations and marketing topics. They include such stunning news as John Hancock on mindfulness and a bit on risk analysis that survey 499 residents of Tianjin, China on how they view self-driving cars.
Lex Sokolin
DECEMBER 23, 2020
The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. Moreover, the comment period to respond to the proposed rule has been shortened to 15 days, which is an unusually short time. The above is of course caricature and allegory. Microsoft has evolved far from this point.
Lex Sokolin
DECEMBER 23, 2020
The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. Moreover, the comment period to respond to the proposed rule has been shortened to 15 days, which is an unusually short time. The above is of course caricature and allegory. Microsoft has evolved far from this point.
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