CSBS

The comptroller of the currency argues that special-purpose fintech charters will benefit consumers and businesses, despite opposition.

State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers.

The comptroller of the currency argues that special-purpose fintech charters will benefit consumers and businesses, despite opposition.

State regulators said Wednesday they will refile a lawsuit against the OCC, attempting to block the agency's new federal bank charter for fintechs.

The Dodd-Frank Act requires that one of the five nonvoting members of the Financial Stability Oversight Council be a state banking supervisor.

Although it’s required to by law, the Federal Deposit Insurance Corp. has not had an independent director with state bank supervisory experience since 2012. It’s time for that to change.

The state became the first in the country to ask federal regulators for a temporary waiver, citing a shortage of available appraisers.

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

The decision, unveiled just hours after the Treasury Department endorsed the charter concept, means some fintech firms could soon be regulated more like banks.

Lawmakers approved legislation to enable coordination between state and federal regulators on examining banks' third-party vendor relationships.