CFPB Monitor

JANUARY 13, 2020

The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. Governor Newsom’s proposals are part of his 2020-2021 proposed budget. Licensing and examining new industries “that are current under-regulated”. California.

CA 78

CA California New York Regulation 78

CFPB Monitor

JANUARY 9, 2020

The joint office hours will be held on January 30, 2020 in Salt Lake City, Utah. ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Utah 78

Utah South Carolina Tennessee Arizona 78

PYMNTS

OCTOBER 1, 2020

Big British firms could encounter penalties or fines if they don’t provide payment to smaller vendors on schedule with new regulations under consideration by the government. It is working with over 20 financial institutions to create the service. earlier in 2020. UK Cracks Down On Late Payments To Suppliers.

Payments 130

Payments Fintech Google Financial Technology 130

CFPB Monitor

SEPTEMBER 8, 2020

Ballard Spahr to hold webinar on this legislation on September 29, 2020. We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state.

California 78

California Innovation Regulation Report 78

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Training 167

CFPB Monitor

JANUARY 12, 2021

Its plans include: “Beginning immediately, the DFPI will review and investigate consumer complaints against previously unregulated financial products and services, including debt collectors, credit repair and consumer credit reporting agencies, debt relief companies, rent to own contractors, private school financing, and more.”.

Exercises 127

Exercises California Innovation Financial Technology 127

CFPB Monitor

NOVEMBER 22, 2022

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach. Prospective impacts on competition: Big Tech in consumer finance.

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

CFPB Monitor

JULY 21, 2022

Of course, the sweeping AML Act of 2020 was passed because it also was tucked into the massive defense spending authorization bill for that year—so backers of BSA/AML expansion appear to be reverting to tactics which previously bore fruit. FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

JUNE 27, 2019

The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode. While Nubank is far from a household name in the U.S., And, according to Nubank, it’s just getting started.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

AUGUST 19, 2016

Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. “FinTech will have a big impact on financial services.” The Future Of FinTech?

Fintech 100

Fintech Mobile Guidelines System 100

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. 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.

Community 216

Community Fintech Industry Innovation 216

Banking 2020

FEBRUARY 8, 2016

First, the increased data sharing, however regulated, between different constituencies—everyone from individual accountants to credit bureaus and life insurers—is driving price transparency and greater competition.

Industry 40

Industry Study Regulation Comparison 40

Social Assurance

NOVEMBER 15, 2019

Due to the regulation in the financial industry, startups need to take the time to ensure that they’re compliant in their business activities. The inaugural conference successfully brought together key players in the financial technology sector. Eli Rosenberg, Partner, Baird Holm LLP. Key Takeaways. Send Me Updates.

Conference 12

Conference Fintech Nebraska Software 12

Banking 2020

OCTOBER 30, 2015

22, German financial technology provider Number26 rolled out a new program to turn retail outlets into dual-purpose banking hubs. So if banks can become other things, why can’t other things—like, say, the post office—become banks? Again, we can consider trends developing overseas.

Community 40

Community United States Survey Millennials 40

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. financial technology efforts. Treasury Department. FinTech Growth.

Fintech 194

Fintech Security US United States 194

CB Insights

OCTOBER 31, 2019

This flurry of activity generated a lot of excitement about the technology’s potential. Gartner predicted 80% of all new enterprise applications would be using chatbots by the year 2020, and that by 2021 chatbots would be the “most important platform paradigm” for the enterprise. Fintech: Contract review & bill negotiation.

Industry 78

Industry Examples Tools Retail 78