Browsing: Technology

Newsbytes

As fintech continues to grow and mature and the OCC takes steps toward launching a fintech bank charter, the Federal Reserve has formed a cross-cutting fintech working group on the topic, Fed Governor Lael Brainard said in a speech today.

Community Banking

Members of the Federal Reserve’s Community Depository Institutions Advisory Council — which includes several ABA member bank CEOs — raised concerns over the uncertain regulatory environment for innovation and bank-fintech partnerships and over growing regulations that directly harm the customer experience, according to minutes of the CDIAC’s last meeting released by the Fed.

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