2021 Financial Technology Fintech Regulation 
CFPB Monitor
AUGUST 31, 2021
The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Financial condition and competitive market environment and client base.
Jeff For Banks
APRIL 27, 2023
Industry pundits in the know about everything financial technology and financial technology firms will soon be clinking martini glasses saluting each other and telling stories about their profitability and number of bank installs they have under their belt. It is a veritable "who" of financial technology firms.
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Gonzobanker
FEBRUARY 23, 2022
In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Fintechs in need of charters are prompting new banks to enter BaaS seeking a “white whale.”
PYMNTS
DECEMBER 24, 2020
Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails.
CFPB Monitor
JANUARY 12, 2021
The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The DFPI is “preparing to open a new Office of Financial Technology Innovation that will engage with new industries and consumer advocates to encourage consumer friendly innovation and job creation in California.
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.
CFPB Monitor
SEPTEMBER 8, 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 Consumer Financial Protection Law. Register here.
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