CFPB Monitor

JANUARY 7, 2019

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor.

Leadership 60

Leadership National Lending Industry 60

BankBazaar

MAY 7, 2024

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 The collaboration between FinTechs and banks is pivotal in shaping the future of financial services.

Branding 78

Branding Cards Fintech Leadership 78

Chris Skinner

MAY 1, 2017

as evidenced by their choice of leadership. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters.

America 211

America Fintech National Regulation 211

Current

NOVEMBER 10, 2020

In Current alignment with a new policy agenda With the election of Joe Biden as President, it means we’ll see a change in additional government leadership that will have impacts on the financial services sector, including a new Treasury secretary and probably a new director of the Consumer Federal Protection Bureau and Comptroller of the Currency.

Fintech 105

Fintech DC Leadership Policies 105

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. It has more than 80 fintech partnerships including Coinbase, Upgrade, Affirm, Best Egg, Divvy, Rocket Loans and Stripe. And regulators have made it clear that ignorance of the law is no excuse.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

OCTOBER 23, 2020

The FinTech company is most renowned for its XRP digital currency, CNBC reported. s FCA took a leadership role in characterizing how we should think about these different assets and their use cases,” Garlinghouse said. A “security” designation could put XRP under stringent new regulations. What you see in the U.K.

cryptocurrency 202

cryptocurrency United States Leadership Security 202

CFPB Monitor

AUGUST 7, 2020

a wholly-owned subsidiary of fintech Varo Money, Inc. The approved application is for a full-service charter, not the OCC’s controversial FinTech charter that is currently the subject of ongoing litigation. team — the first consumer fintech to receive a national bank charter. The water’s fine!”. Varo Bank, N.A.’s

Fintech 78

Fintech FDIC Utah National 78

Chris Skinner

JUNE 21, 2017

What strikes me most is that millennials tend to be the ones creating and leading many of the FinTech start-ups like the Collinson brothers at Stripe (28 and 26 years old), Ollie Purdue of Loot (23 years old) or Edward Maslaveckas, CEO and co-founder of Bud (26 years old). This is part of the reason I challenge bank leadership teams.

Millennials 248

Millennials Leadership Fintech Compliance 248

PYMNTS

SEPTEMBER 23, 2020

FinTechs have had to take on a leadership role to embracing an imbedded payments experience. In Brazil, open banking regulations are in the works, but payments innovation is advancing so quickly that many in the ecosystem cannot afford to wait for the government to catch up.

Fintech 315

Fintech UX Cards Payments 315

PYMNTS

AUGUST 26, 2019

He has 22 years of experience, most recently as a partner in the international law firm Bryan Cave Leighton Paisner LLP, where he led the firm’s FinTech practice team. I’ve seen many FinTech and blockchain companies come across my desk as head of Bryan Cave’s FinTech practice, but Cred stood out from the pack,” said Wheeler in the release.

San Francisco 186

San Francisco blockchain Lending Leadership 186

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Reuters quoted central bank Vice Gov.

US 168

US Regulation Groups System 168

The Financial Brand

JANUARY 19, 2022

A convergence of new leadership in federal banking agencies and significant changes to bank merger policies promise major upheaval. The post Will Biden’s Regulators Totally Redefine Bank Mergers in 2022? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Regulation 36

Regulation Leadership Banking Trends Analysis 36

PYMNTS

SEPTEMBER 3, 2019

And regulators are taking a close look at payroll advance apps. While consumers are flocking to eCommerce, merchants working on expanding and selling online in more markets must comply with local sales tax regulations. Regulators Taking a Close Look at Payroll Advance Apps. Incoming EU Leaders Plan New AI, Data Use Laws.

Innovation 101

Innovation Data Taxes Payments 101

PYMNTS

JULY 19, 2018

I am confident that, under his leadership, the Office of Innovation will make significant progress in creating an environment where companies can advance new products and services without being unduly restricted by red tape that belongs in the 20th century.”.

Innovation 100

Innovation Arizona Policies Leadership 100

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Those implementing regulations were coming. Lending Regulation.

Lending 195

Lending Data Regulation Community 195

Fintech Labs Insights

MARCH 15, 2024

In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks. The pandemic slowed the introduction of new events.

Conference 15

Conference Las Vegas Fintech Case Study 15

Gonzobanker

FEBRUARY 29, 2024

It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. As a trusted executive team, talk through what type of “ROL” or return on leadership the priciest folks in the organization are working. It appears nothing else matters but the urgency to get big and get there fast.

Tools 152

Tools Analytics Data System 152

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

CFPB Monitor

OCTOBER 19, 2020

Key takeaways regarding the implications of a blue wave scenario include the following: Chris Willis commented that the CFPB’s approach to the exercise of its authorities is likely to reflect criticism by Democrats that the CFPB has been lax in its approach to industry under Director Kraninger’s leadership. (In

Leadership 78

Leadership FDIC Exercises Lending 78

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

AUGUST 3, 2018

Prior to joining Discover, Hochschild worked for consulting firm Booz Allen, and had also served in various leadership roles at MBNA America. “Roger’s deep experience and proven results make him well-suited to lead Discover to new heights of success,” Nelms said in a statement as part of the announcement. The firm had $84.2

Guidelines 105

Guidelines Cards Leadership America 105

CFPB Monitor

APRIL 1, 2020

Question topics include FCRA and GLBA protections of consumers’ personal information, FCRA provisions concerning information accuracy, state data breach laws, and use of consumer data by fintech companies. Regulations. The questions focus on the regulations that the CFPB writes and enforces.

Regulation 78

Regulation Leadership Data Cards 78

PYMNTS

SEPTEMBER 25, 2019

As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.”. The license means that Checkout.com is fully regulated by the Banque de France, meaning it can now offer more services and products to not only France but other Eurozone countries too.

Payments 116

Payments United States Leadership Community 116

Chris Skinner

MAY 21, 2017

The first says: “It’s great working for a FinTech start-up as I get to travel the world. Having submitted their third proposal for the bank, the regulator was still pushing back. As a giant gorilla … How can a bank guarantee its future? Three people are chatting in a bar. They were depressed. This felt familiar.

Survey 185

Survey New York Leadership Conference 185

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In 2021, there were more than 120 fintech IPOs in the U.S., Acquisition of the Year: Bank Acquiring a Fintech. Oh, what a mere 12 months can do.

Community 216

Community Fintech Industry Innovation 216

CFPB Monitor

JANUARY 3, 2019

Paul formerly worked in the Arizona Attorney General’s office where he was in charge of fintech initiatives and led the state’s successful efforts to create the first “regulatory sandbox” in the United States which allows new financial technologies and products to be tested in a controlled environment with reduced regulatory risk.

Arizona 60

Arizona Innovation Policies United States 60

PYMNTS

NOVEMBER 12, 2020

The pandemic provided us greater opportunity to work with regulators to create digital solutions,” said Kanthadai. “We Kanthadai said the bank is investing not just in the payment-to-suppliers process but also how payment is collected from consumers, or the merchant acquiring space, which is traditionally the area of focus for FinTechs.

Innovation 295

Innovation Regional Data Payments 295

CFPB Monitor

NOVEMBER 9, 2020

The Institute is considered the country’s premier consumer financial services CLE program and this year’s Institute will once again explore in detail important developments in consumer financial services regulation and litigation. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both.

FDIC 78

FDIC Regulation Leadership Data 78

Lex Sokolin

SEPTEMBER 19, 2019

Fintech is expensive. Fintech is everywhere. Fintech is the global competition for regulation, talent, and macroeconomic supremacy. Fintech is the trade war between the US and China. Fintech is the trade war between the US and China. Fintech is Facebook and Amazon. Fintech is the next bubble to burst.

Fintech 40

Fintech Lending United States Data 40

CFPB Monitor

APRIL 26, 2022

First, they are consistent with the agency’s stated intent to increase scrutiny of fintech firms, as it could allow the CFPB to conduct in-depth examinations of fintech firms over which it presently has no clear supervisory jurisdiction. These moves by the CFPB are notable for two reasons.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

CFPB Monitor

OCTOBER 2, 2019

Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team. Last month, the CFPB finalized its proposed revisions to its trial disclosures and no-action letter (NAL) policies and also finalized its proposal to create a new FinTech sandbox policy.

Policies 60

Policies Innovation South Carolina Indiana 60

PYMNTS

MARCH 29, 2018

Amid the sale, Deutsche is also in the process of finding new leadership to replace current CEO John Cryan. Last year at a banking conference in Germany, Cryan discussed market competition, noting that the financial institution is more concerned with alternative FinTech disruptors than it is with industry peers.

Leadership 101

Leadership Conference Report Operations 101

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Faster Payments Council Names New Leadership. No one payment rail can solve every point of friction in B2B payments. In the U.K.,

Payments 193

Payments blockchain Cards cryptocurrency 193

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

AUGUST 24, 2018

Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis. Bankruptcy followed, in an effort to prevent equity stakes from being sold, and an agreement was struck between bank and regulators…. Who were the buyers? And how come so … cheap?

Colorado 101

Colorado Leadership Fintech Operations 101

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event.

Conference 88

Conference FDIC Arizona Industry 88

CFPB Monitor

FEBRUARY 3, 2020

The Institute is considered the country’s premier consumer financial services CLE program and this year’s Institute will once again explore in detail important developments in consumer financial services regulation and litigation. The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration.

New York City 78

New York City San Francisco FDIC Chicago 78