Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

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American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

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Bank Innovation

APRIL 24, 2019

WASHINGTON, D.C. — Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

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Data FDIC Washington Conference 170

PYMNTS

OCTOBER 24, 2019

Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. Can’t get the charter without FDIC coverage. As reported , the U.S.

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CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. titled: “ How to make fintech work for all Americans.” ” Speakers include industry representatives and an FDIC representative.

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The Financial Brand

JULY 2, 2023

This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. Does your bank have or is it contemplating a relationship with a fintech? Get to know banking regulators' new guidance on the subject.

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Jeff For Banks

JUNE 20, 2017

So what am I talking about, that deposit insurance is why banks don't do like FinTech lending firms and use alternatives to the FICO score in underwriting consumer credits? They have to find out later, after a bureaucrat in Washington does a white paper. But bankers won't know that when they establish the criteria.

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