Forming a Partnership with Fintech
By Jeff Marsico
Browsing: Fintech
BAFT Supports OCC’s Call for Responsible Innovation
In a comment letter to the OCC yesterday, BAFT – ABA’s global payments subsidiary – made several recommendations in response to the agency’s recently released whitepaper on responsible innovation.
ABA: OCC Innovation Effort Sends Positive Message
In its response yesterday to the regulatory initiative in support of banking innovation, ABA welcomed the promised cooperation of the OCC as banks strive to enhance service to their customers and streamline innovation.
Lawmakers Seek More Info on Bank, Fintech Partnerships
Twelve House members, including Reps. Patrick McHenry (R-N.C.) and Jared Polis (D-Colo.) today wrote to the Government Accountability Office seeking greater clarity on how the current regulatory structure affects partnerships between banks and fintech companies.
OCC to Host Public Forum on ‘Responsible Innovation’
The OCC today opened registration for its upcoming forum on “Supporting Responsible Innovation in the Federal Banking System,” to be held June 23 in Washington, D.C.
Weekly Infobyte: Rapid Growth of Marketplace Lending
Three top nonbank fintech marketplace lenders originated nearly $12 billion in loans in 2015, up from less than half a billion in 2011.
Next Up: Next Bank Silicon Valley
By Grace Dinn
On the Floor at Finovate
Last updated May 13, 11:00am ET
Treasury Report Calls for Stronger Oversight of Marketplace Lenders
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive less direct oversight, the Treasury Department said today in its long-awaited report on the marketplace lending industry.
Bipartisan House Letter Cautions Treasury on Business Lending
Business lending is fundamentally different from consumer lending, and regulations should not treat them similarly, a bipartisan group of 20 House members told Treasury Secretary Jack Lew in a letter yesterday.