ABA survey: Americans want fintechs to follow bank rules
ABA survey found strong consumer support for requiring nonbank fintech companies to follow the same rules as banks, and for ...
Tag: Fintechs
Fed’s Waller: ‘Skinny’ master account would only be available to banks
Federal Reserve Governor Christopher Waller sought to clear up confusion about his proposal for the creation of a “skinny” master ...
Chair’s View: Walk like a bank, talk like a bank … get regulated like a bank
When the rules of the road that apply to banks do not apply the same way to nonbank service providers.
Insights on strategy, risk and regulation in bank-fintech partnerships
A close-up with ABA’s Krista Shonk and Brooke Ybarra.
ABA urges regulators to modernize supervisory approach to bank-fintech partnerships
Federal banking agencies should use their request for information on bank partnerships with financial technology companies to modernize their approach ...
New York Fed: Nonbank fintech firms drove increase in unsecured lending
Roughly 22.7 million American borrowers had an outstanding unsecured personal loan at the end of June 2023, with loans from ...
Top 10 takeaways from the interagency third-party risk management guidance
All banks should conduct a gap analysis to identify opportunities to strengthen their TPRM programs and align them with the ...
Fed’s Bowman calls for greater regulator scrutiny of outsourced banking services
As banks become increasingly reliant on third-party service providers, Federal Reserve Governor Michelle Bowman said bank regulators should “consider the ...
Banks’ pursuit of fintech partnerships requires optimizing change management
“The crux of the issue is that ultimately the bank has to have a strong oversight and management system.”
Fed Proposes Tiered Review Framework for Payments System Access
The Federal Reserve today published for comment updates to the proposed guidelines it will use when evaluating requests for master ...
