Tag Archives: nonbanks

ABA: Not the Time for Global Regulatory Coordination on Fintech

As bank regulators consider internationally coordinated activity to address challenges posed by fintech, ABA said yesterday that a global regulatory framework is not well-suited to oversee fintech beyond the areas where robust coordination already exists, such as cybersecurity, payments and illicit finance.

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Nichols Emphasizes Competition, Innovation in Philly Fed Speech

With banks engaged in advanced technological innovation and fintech firms pursuing a wide variety of strategic paths, ABA President and CEO Rob Nichols today laid out his views on competition in the financial industry in a speech at a fintech conference hosted by the Federal Reserve Bank of Philadelphia.

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OCC’s Noreika Embraces Fintech Charter

In a long-awaited speech today, Acting Comptroller of the Currency Keith Noreika embraced the OCC’s plans to issue special purpose national bank charters to fintech companies and emphasized that the plan upholds high bank-like standards and offers a level playing field.

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Curry Addresses Fintech Charter Questions in Speech

The OCC’s plan to issue limited-purpose national bank charters to fintech companies is not a path to “light-touch” regulation, nor will it mix banking and commerce, Comptroller of the Currency Thomas Curry said at an industry conference in New York today.

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