CFPB Monitor

JUNE 5, 2019

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

Wyoming Fintech Arizona Financial Technology 60

PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

Data 173

Data Google Fintech Groups 173

CFPB Monitor

MARCH 8, 2019

The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. Open banking is a term that is associated with a broad set of initiatives that align to one of these three principles: Banking customers are empowered as the owners of their financial data. . The fintech hub. Examples of open banking in practice.

Fintech 181

Fintech Mobile Examples Data 181

CFPB Monitor

JULY 21, 2022

Currently, and depending on the facts, the BSA often does not apply to payment processors, who often fit into an exemption under the BSA’s definition of a “money services business,” or MSBs, subject to AML requirements. FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

OCTOBER 23, 2019

Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. The rise of FinTech firms, which have no federal charters, has stemmed largely from state licenses and mainstream banking partnerships.

Fintech 101

Fintech New York National Regulation 101

PYMNTS

NOVEMBER 14, 2017

With Europe just weeks away from PSD2 coming into effect, banks across the region are gearing up to get on-board with one of the regulation’s main objectives: to promote open banking and stir up competition and innovation in the financial services market. the banks weren’t having it.

Fintech 164

Fintech Regulation Regional Data 164