Federal Agencies Set Out Guidance for Fintech Partnerships
Banking Exchange
SEPTEMBER 1, 2021
FDIC, Fed and OCC published updated guidance on fintech work for community banks Community Banking Feature3 Fintech Feature Duties Compliance.
Community Bank Compliance FDIC Fintech 
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Federal banking agencies issue guide for community banks on conducting due diligence on fintech companies
CFPB Monitor
AUGUST 31, 2021
The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.
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6 ways the FDIC is fostering fintech innovation, diversity and inclusion
BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
Federal Reserve publishes paper on bank/fintech partnerships
CFPB Monitor
SEPTEMBER 14, 2021
Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships.” account opening) and the bank continues to interact directly with its customers.
6 ways the FDIC is fostering fintech innovation, diversity and inclusion
BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
FDIC sides with Colorado in court tussle over high-cost loans
American Banker
APRIL 28, 2024
is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. The Federal Deposit Insurance Corp. Three industry groups are suing the state in an effort to stop its attempted crackdown.
Preparing for Section 1071
Abrigo
SEPTEMBER 14, 2022
Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. It isn’t just a compliance program problem or a data management problem.
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