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CFPB and Utah AG announce joint office hours in Salt Lake City as part of ACFIN

CFPB Monitor

ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Utah 78
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CFPB and Colorado Attorney General announce joint virtual office hours as part of AFCIN

CFPB Monitor

ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators. The CFPB’s announcement invites innovators to request a meeting and describe the topic(s) they would like to discuss during their virtual session.

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This week’s podcast: a conversation with Paul Watkins, Director of the CFPB’s Office of Innovation

CFPB Monitor

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
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CFPB, CFTC Develop FinTech Regulatory Sandbox

PYMNTS

We recognize that so often the case is with new technology, there is a needle you have to thread,” he added later. “If If you don’t give any regulation at all, it has the chance to go off the rails and completely burn itself out, which is where I was fearing bitcoin was going to a couple months ago if they haven’t already. But the U.S.

Fintech 116
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Wyoming creates fintech sandbox

CFPB Monitor

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
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Fintech needs more regulatory 'sandboxes'

Payments Source

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
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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.