CFPB Monitor

JANUARY 9, 2020

According to the Bureau’s press release, ACFIN’s members currently include attorneys general from Alabama, Alaska, Arizona, Colorado, Georgia, Indiana, South Carolina, Tennessee, and Utah, and state financial regulators from Florida, Georgia, Missouri, and Tennessee.

Utah 78

Utah South Carolina Tennessee Arizona 78

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

CFPB Monitor

NOVEMBER 16, 2020

These joint office hours are intended to give companies pursuing innovation in consumer financial services the opportunity to discuss new financial technology and ideas for innovation to benefit consumers with officials from the CFPB, state attorneys general, and state regulators.

Colorado 78

Colorado South Carolina Tennessee Utah 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). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

PYMNTS

MAY 30, 2018

The United Kingdom has already provided startups with this type of space, and earlier this year Britain’s Financial Conduct Authority (FCA) announced plans for a global testing bed for new financial technology apps. But the U.S.

Fintech 116

Fintech Arizona Illinois Bitcoin 116

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C.

Policies 60

Policies Lending Data Online 60

Payments Source

MAY 3, 2018

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

Fintech 70

Fintech Regulation Financial Technology Innovation 70