PYMNTS

MAY 30, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. “We A sandbox provides relief from certain regulatory requirements so FinTech startups can test products and government authorities can offer guidance.

Fintech 116

Fintech Arizona Illinois Bitcoin 116

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

CFPB Monitor

JANUARY 9, 2020

The CFPB announced ACFIN’s creation last September, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy.

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

The CFPB announced ACFIN’ s creation last year, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy.

Colorado 78

Colorado South Carolina Tennessee Utah 78

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

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