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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

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Ballard Spahr creates cross-disciplinary fintech team

CFPB Monitor

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.

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SMB Challenger Banks A Hot Spot With VCs

PYMNTS

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech to facilitate inclusive financial system establishment in China, say experts. He said China’s traditional financial systems need further improvement in regulatory oversight for peer lending and investment product suitability as well as managing personal data with regard to KYC (know your client). Cryptocurrencies.

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The 2022 GonzoBanker Awards

Gonzobanker

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023.

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The 2023 GonzoBanker Awards

Gonzobanker

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. The Bank Regulator Working for Merchants Award! Last time we checked the Fed’s role was to protect and ensure the safety and soundness of financial institutions.

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 Dodd-Frank Looms For Capitol Hill Consideration

PYMNTS

In general, as noted in Financial Times , there’s been a lack of new legislation shifting the ground beneath the financial industry’s feet. A bill to reshape Dodd-Frank that may come to the Senate floor in the next few weeks, eyeing smaller financial institutions, does a number of things.