PYMNTS
SEPTEMBER 11, 2019
A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .
CFPB Monitor
NOVEMBER 16, 2020
The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.
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CFPB Monitor
JANUARY 9, 2020
The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.
CFPB Monitor
OCTOBER 2, 2019
Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. Companies are encouraged to informally contact the Office of Innovation to discuss potential applications.
PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.
PYMNTS
NOVEMBER 17, 2020
Current solutions range from no fans allowed in cities like New York, Detroit and Green Bay, to capacity caps of 12 to 20 percent in Tennessee and Miami, to hard headcount cutoffs of 4,200 in Arizona and 12,000 in Cleveland. As such, we will maintain flexibility and focus on innovating during this time,” Rapino said.
PYMNTS
OCTOBER 19, 2017
One such credit union is the Knoxville Teachers Federal Credit Union (KTFCU) of Knoxville, Tennessee, which exclusively serves members working in local education. Member-driven Innovation. Because KTFCU’s membership is education-specific, it takes a selective approach when deciding which financial innovations to adopt, Underwood said.
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