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Fintechs can get what they need from a traditional bank charter with the FDIC, as long as the agency is willing to play ball and step up its approach to innovation.
October 1 -
State regulators are planning to sue the agency over its special-purpose charter, but the charter would be an important step forward for the regulatory system.
September 28Nutter McClennen & Fish -
Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time.
September 27 -
The country is lagging behind others when it comes to ensure that a consumer's financial data is available to third parties, and regulators need to step up.
September 27Financial Data and Technology Association of North America -
The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.
September 26 -
State regulators are planning to sue the agency over its special-purpose charter, but the charter would be an important step forward for the regulatory system.
September 24Nutter McClennen & Fish -
The comptroller of the currency argues that special-purpose fintech charters will benefit consumers and businesses, despite opposition.
September 21Office of the Comptroller of the Currency -
The country is lagging behind others when it comes to ensure that a consumer's financial data is available to third parties, and regulators need to step up.
September 21Financial Data and Technology Association of North America -
Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more.
September 20 -
State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers.
September 19