The Consumer Financial Protection Bureau is today launching a formal inquiry into obstacles consumers face in accessing and sharing with third parties personal financial records held by banks and other institutions.
ABA today urged the OCC to keep in mind the fundamentally different business models of uninsured trust and fiduciary banks as it develops its rulemaking for the resolution of national banks without deposit insurance.
Should the OCC decide to grant a federal charter to nonbank fintech companies, as many have suggested and speculated, the agency will hold chartered nonbanks to the “same high standards” that banks are expected to meet, Comptroller of the Currency Thomas Curry said today.
If banks partner with fintech companies, they will be positioned to become the universal financial services platforms of the future.
The rise of prescriptive analytics, the ‘fourth frontier’ in big data.
Fintech thought leader JP Nicols explores how to find the best team dynamic for innovation.