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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

And at the same time, if you overregulate, you sort of tamp down that creativity and you discourage the innovation.”. While the Dodd-Frank Act allows the CFPB to implement ways to foster innovation, the agency’s efforts have largely been seen as inadequate. But the U.S.

Fintech 116
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CFPB proposes revisions to trial disclosure policy

CFPB Monitor

The proposal follows Acting Director Mulvaney’s July 2019 appointment of Paul Watkins to serve as Director of the Bureau’s Office of Innovation. Currently, Arizona is the only state that has enacted a “sandbox.”). The proposal would list the features that the Bureau would want such agreements to contain.