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Fintech settles allegations that payment of tips and donations was a hidden interest charge

CFPB Monitor

A fintech peer-to-peer lender has entered into separate consent orders with California, Washington D.C., The fintech’s platform offers opportunities for members to act as borrowers or lenders and facilitates loans between its members.

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For Chase, fintechs and aggregators need ‘skin in the game’

Bank Innovation

Fintechs, aggregators and banks may agree on data sharing, but accountability should be equally assigned to all parties, according to JPMorgan Chase. At an industry forum in Washington, D.C., Natalie Williams, general counsel for responsible banking and data at Chase, said each party should be held to the same standards as banks.

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Fintechs Face Difficult Regulatory Realities on Charters

Bank Innovation

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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For Chase, fintechs and aggregators need ‘skin in the game’

Bank Innovation

Fintechs, aggregators and banks may agree on data sharing, but accountability should be equally assigned to all parties, according to JPMorgan Chase. At an industry forum in Washington, D.C., Natalie Williams, general counsel for responsible banking and data at Chase, said each party should be held to the same standards as banks.

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#Singapore’s #Fintech Festival

Chris Skinner

Spent a lot of time in Singapore, Istanbul, London (obviously), New York and Washington. I count these as my hotbeds of fintech innovation. These are … The post #Singapore’s #Fintech Festival appeared first on Chris Skinner's blog. I’ve also briefly dropped in to Hong Kong, Berlin and Bangkok.

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Washington Watch: 5 Issues Bankers Should Monitor in 2024

The Financial Brand

This article Washington Watch: 5 Issues Bankers Should Monitor in 2024 appeared first on The Financial Brand. A thaw in the M&A freeze, tougher attention to fintechs, continuing fair-lending attention and more promise turbulence in an election year.

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FIs comparison shop for fintechs

BankInovation

When Washington, D.C.-based based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital.