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

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 73

Wyoming Community Bank Community Fintech 73

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

Lending 150

Lending Fintech Data Wyoming 150

CFPB Monitor

NOVEMBER 16, 2020

The CFPB announced ACFIN’ s creation last year, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy. Requests must be received by November 23, 2020. .

Colorado 78

Colorado South Carolina Tennessee Utah 78

CFPB Monitor

JANUARY 9, 2020

The CFPB announced ACFIN’s creation last September, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy.

Utah 78

Utah South Carolina Tennessee Arizona 78

CFPB Monitor

JUNE 11, 2019

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Notably, Utah’s definition expressly includes blockchain technology. The sponsor of Utah’s legislation, Rep.

Utah 60

Utah Arizona Regulation Innovation 60

Lex Sokolin

JANUARY 14, 2021

We love the robot as much as the next Fintech commentator. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., Second, Fintechs (e.g., Don’t get us wrong.

America 52

America Wyoming National Capital 52