CFPB Monitor

JANUARY 14, 2019

Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. According to a Reuters article published today , Federal Reserve officials have expressed reservations about allowing such access to fintech companies.

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St. Louis Fintech Report Philadelphia 68

Chris Skinner

MAY 1, 2017

Now I don’t want to get into politicks, as that’s not my job, but I do want to point to an interesting article on TechCrunch by Nik Milanovic (@NikMilanovic) that illustrates the issue well. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters.

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America Fintech National Regulation 211

CFPB Monitor

APRIL 27, 2020

The OCC has filed its opening brief in its appeal to the Second Circuit from the district court’s final judgment in the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies.

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Fintech New York National Regulation 97

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2 customer impact.

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CFPB Monitor

SEPTEMBER 13, 2018

On September 12th, the Conference of State Bank Supervisors (CSBS) announced that it would again pursue litigation in opposition to the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter. On April 30, 2018, a D.C. On April 30, 2018, a D.C.

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CFPB Monitor

JULY 29, 2020

The New York Department of Financial Services (DFS) has filed its opening brief with the Second Circuit in the OCC’s appeal from the district court’s final judgment in DFS’s lawsuit challenging the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies. .

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CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. That lawsuit was dismissed for failing to establish an injury in fact necessary for Article III standing and for lacking ripeness for judicial review.

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PYMNTS

MARCH 29, 2017

With the Article 50 letter proffered by May, the formal process is under way. firms might trade with EU member nations. firms might trade with EU member nations. The EBF has the input from 32 nations and their respective financial associations and, per Reuters , includes 4,500 banks. The British FTSE Index was down 0.4

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The Financial Brand

FEBRUARY 8, 2023

This article NCUA Chief Targets Rate & Liquidity Risks as Credit Unions Reframe Competitive Strategies appeared first on The Financial Brand. The National Credit Union Administration chairman discusses new regulations, worrisome lending trends, fintechs and more in a wide-ranging interview.

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CFPB Monitor

SEPTEMBER 5, 2019

federal district court has granted the OCC’s motion to dismiss the lawsuit filed by the Conference of State Bank Supervisors (CSBS) to block the OCC from issuing special purpose national bank (SPNB) charters to fintech companies.

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Regulation Fintech Conference National 60

Bobsguide

MARCH 7, 2016

Over the past few years I have learnt a lot about the sales process and the varied requirements of small hedge funds to multi-national commodities firms. This article aims to raise some questions that are not always asked by the prospective purchaser or are sometimes missed during the process, with.

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Fintech National 60

Bobsguide

MARCH 7, 2016

Over the past few years I have learnt a lot about the sales process and the varied requirements of small hedge funds to multi-national commodities firms. This article aims to raise some questions that are not always asked by the prospective purchaser or are sometimes missed during the process, with.

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Fintech National 60

Chris Skinner

JUNE 25, 2017

I was going to blog about something different, when I spotted this article in The Financial Times about Klarna gaining a banking license over the weekend (thanks to Pascal Bouvier). It might be his tech background or his age, he is 35, but the chief executive of Klarna is not afraid to speak his mind.

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The Financial Brand

NOVEMBER 14, 2022

This article How Chase Plans to Revolutionize Rent Payments with a Digital Solution appeared first on The Financial Brand. The nation's biggest bank is about to disrupt rent payments (and fintechs) on a big scale with a modern payment system for property owners.

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CFPB Monitor

FEBRUARY 22, 2019

Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies.

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Fintech New York Regulation Conference 68

Jessica Ellerm

FEBRUARY 11, 2018

But if you’re to have any hope of engaging the masses, that’s exactly what you’re going to need to do, especially if you’re a fintech business in the wealth creation space, going after the everyday consumer. Subscribe to my blog here to get new articles delivered straight to your inbox as they come off the press.

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Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! A cute little article about $90MM from order flow. Is Ant Financial the best Fintech in the world?

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Fintech Bitcoin blockchain Google 52

Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! A cute little article about $90MM from order flow. Is Ant Financial the best Fintech in the world?

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Fintech Bitcoin blockchain Google 52

Abrigo

MAY 5, 2022

Would you like other articles like this in your inbox? Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. And all release a new episode at least monthly. Takeaway 2 With 2.8 keep me informed.

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Community Lending Maine Resources 195

PYMNTS

MAY 4, 2020

In Malaysia, a reader submission for The Malaysian Insight says the nation’s rallying cry, “Kita jaga kita,” should apply to the business community supporting its small business members though consistent supplier payments. 30-day payment terms would help Singapore SMBs manage cash flow , says Singapore FinTech RAIBU.

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Payments Chicago National Data 161

Jessica Ellerm

NOVEMBER 26, 2015

Kiwi ingenuity, or our ‘Number 8 wire’ mentality as it is known in New Zealand, has allowed our small nation to punch above its weight on the world stage. And if Xero are anything to benchmark Kiwi innovation and ingenuity against, the future for fintech in Aotearoa certainly looks bright. I kid you not. Read more here.

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Company Fintech Lending Bitcoin 45

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

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Fintech Lending US Policies 40

PYMNTS

AUGUST 23, 2018

China’s National Fintech Risk Rectification Office sees the moves as “targeted clean-up measures to maintain financial order and social stability,” according to reports. News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze.

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social media cryptocurrency blockchain Technology 100

CB Insights

JULY 21, 2017

Earlier this week, Bank Indonesia, the central bank of Indonesia, nominated three companies for its award for the fintech company most supportive of the “non-cash national movement of inclusion.” According to the article, a real gold spinner can be purchased for about $17,000 in Russia.

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Fintech DC Baltimore Regional 37

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds.

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Innovation Payments Regional America 161

South State Correspondent

FEBRUARY 14, 2022

In this article, we discuss digital assets, officially known as “controllable electronic records” by the law, and glimpse into that future to make a case for why banks could be at the center of this next evolutionary change. Sure, in part, it’s a hype-driven Pets.com moment.

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blockchain cryptocurrency Data Payments 195

American Banker

APRIL 15, 2016

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

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social media Marketing Fintech Community Bank 28

South State Correspondent

MARCH 21, 2023

This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers.

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Taxes Community Bank Community Operations 195

Abrigo

DECEMBER 20, 2021

Would you like other articles like this in your inbox? How to Establish Quality Fintech Partnerships. AML Penalties Are Back and Stronger Than Ever FinCEN is enforcing actions for BSA violations and failure to maintain effective AML programs. Learn More. Asset/Liability. Lending & Credit Risk. Loan Origination System. Learn More.

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Resources Texas Analysis System 195

NCR

JULY 9, 2017

Financial institutions and fintech firms across Europe are currently preparing for the launch of the second iteration of the Payment Services Directive (PSD2), which is due to come into force in January 2018. If screen-scraping is banned, it could have a big impact on many fintech firms and how they do business. What do the banks say?

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Fintech Innovation Data Industry 75

PYMNTS

SEPTEMBER 17, 2018

The battle over FinTechs and national banking charters is about to get a bit more heated. The suit is one alleging that the OCC does not have the authority to provide such licenses under the FinTech charter that has been proposed. New York state is suing the United States.

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Fintech National Compliance Google 180

PYMNTS

JANUARY 31, 2018

Alas, there is no such thing as a sure bet, especially in the world of FinTech. Cointelegraph released a similar article this week, highlighting hacks, a lack of government protection and hurdles for top use cases, like smart contracts, all standing in the way of blockchain making good on its promises. Clearing the Air.

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blockchain Bitcoin cryptocurrency New York 124

BankUnderground

AUGUST 23, 2023

Typically these products are provided by newer fintech firms, for whom BNPL makes up most or all of their lending. To shed further light on who uses BNPL we analysed the Bank’s NMG household survey , which uses weights to be nationally representative. Revenue is generated by charging retailers a fee for facilitating the transaction.

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Survey Groups Regulation Data 89

Gonzobanker

MARCH 9, 2016

Between the dominant national banks in America and the hundreds of fintech startups aimed at disrupting our industry, there lies a group of resilient mid-size financial institutions. All of these growth stories occurred during a very fragile time for the national economy and financial industry. Start-up Nimble Risk Averse.

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National Innovation San Francisco Industry 60

Lex Sokolin

OCTOBER 28, 2020

This Forbes article by Joe Cornell of Spin-Off Research lays it out for us in a neat org chart. Or see this article that references the transaction slides. As an aside, let’s remember that India has one of the most advanced national identity projects in the world, called Aadhaar. But it needn’t be. But this is an opportunity.

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blockchain Google National Apple 40

PYMNTS

AUGUST 12, 2017

And so, in celebration of national Kool-Aid day – which was technically yesterday, but is being celebrated throughout the weekend (more on that in a second) – we come not to bury Kool-Aid, but to praise it. Ask a local school child about the history of Kool-Aid, and he or she can tell you more than this article can ever hope to divulge.

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CFPB Monitor

JUNE 7, 2021

Court of Appeals for the Second Circuit has ruled that the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies should be dismissed for lack of Article III standing.

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New York Fintech National Regulation 78