02.27.19
Lawmakers recently met to consider cannabis banking, discussing two different bills that have been introduced to solve the problem of providing financial services to an industry that operates under a cloud imposed by federal law.
Joint rulemaking on CRA reform may finally be in the works, including amendments tailored to the vastly changed environment since its passage.
State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies.
02.14.19
The Consumer Financial Protection Bureau (CFPB or Bureau) has been busy under Director Kathy Kraninger, taking enforcement actions against an online lender, an online loan broker and a group of international payday lenders.
Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.
A New York federal judge granted preliminary approval of the second attempt at a settlement between a class of more than 12 million merchants and two card networks, potentially putting an end to the long-running litigation over interchange fees and various card network rules that apply to merchants ...
Comptroller of the Currency Joseph Otting recently weighed in on fintechs, presenting a positive picture for fintech companies considering seeking a special purpose national bank charter from the Office of the Comptroller of the Currency (OCC).
Think again before you simplify your message to sell more cars. A $3 million fine levied in a case from the New York Department of Consumer Affairs (DCA) tells us why.
Is virtual currency “money” for purposes of the Pennsylvania Money Transmitter Act?
01.30.19
State attorneys general (AGs) remain busy in the financial services industry, with an almost $500 million settlement between a for-profit college and the AGs of 48 states and Washington, D.C.
