Clear communication from the Consumer Financial Protection Bureau (CFPB) and the federal banking regulators on appropriate use of alternative data in the underwriting process would bring fintech lenders greater certainty about their compliance with fair […]
Since announcing it would begin considering charter applications from fintech companies, the Office of the Comptroller of the Currency (OCC) has yet to receive a single formal application, the top staffer in charge of innovation […]
The roles of “fintech,” nonbank financial intermediation and “too big to fail” were again key points for the chief Federal Reserve regulator for supervision, who also again pledged to look into all three as he […]
Fintech, nonbank financial intermediation, and evaluation of “too-big-to-fail” reforms are all on the list of “must dos” for the international body of regulators responsible for financial stability in countries across the globe, the Federal Reserve’s […]
With the formation of its “office of innovation” and the apparent imminent introduction of a “tech lab” as background, the federal insurer of bank deposits plans a “fintech and the future of banking” conference next […]
More work still has to be done to make proposed changes to the “Volcker Rule” so that banks have more certainty, including what types of trading are prohibited under the regulation, the chairman of the […]
Enhancing oversight of banks’ cybersecurity risk, adapting to financial technology (fintech) innovation, and strengthening information security management at the agency are the top three challenges facing the federal insurer of bank deposits, the agency’s inspector […]
Bipartisan legislation designed to strengthen efforts to deter abuse of financial technology passed the House by voice vote Monday and heads to the Senate for consideration. H.R. 56, the Financial Technology Protection Act, was a […]
A bill to promote private sector coordination on ways to reduce terrorist and illicit use of new financial technologies (fintech), including digital currencies, is expected to win House passage this evening, when it’s scheduled to […]
While alternative data is helpful for financial technology, or “fintech,” companies to use in determining borrowers’ creditworthiness, the Consumer Financial Protection Bureau and the federal banking agencies should communicate with these lenders about how to […]
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