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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

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.

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CFPB proposes revisions to trial disclosure policy

CFPB Monitor

Before joining the CFPB, Mr. Watkins was in charge of fintech initiatives in the Arizona Attorney General’s office 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.