New Bill Would Provide Compliance Safe Harbors for Innovation
Under a bill introduced by Rep. Patrick McHenry (R-N.C.) today, companies -- banks and nonbank financial technology firms alike -- ...
Tag: Nonbanks
Curry Commits to ‘Level Playing Field’ with Potential Fintech Charter
Speaking to a conference of marketplace lenders, Comptroller of the Currency Thomas Curry today outlined features of a possible “fintech ...
Nichols Brings Message of Fintech Innovation, Partnership to Capitol Hill
Banks are aggressively innovating and partnering with financial technology startups, but Congress and regulatory agencies could do more to promote ...
OCC: Credit, Strategic Risk Leading Issues for Small, Midsize Banks
The OCC is focusing on credit risk and strategic risk as the top risk priorities in its supervision of community ...
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 ...
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 ...
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 ...
You Sure? Courts Unsettle Usury Case Law
Bankers and others are closely watching to find out if the usury battles thought long won and settled are re-opening.
Democratic Senators Call for New GAO Study of Fintech
Senate Banking Committee Ranking Member Sherrod Brown (D-Ohio), joined by Sens. Jeff Merkley (D-Ore.) and Jeanne Shaheen (D-N.H.) today called ...
GAO: Regulatory Framework around Nonbank Servicers Could Be Stronger
The current regulatory framework could be strengthened to give the Federal Housing Finance Agency and others greater supervisory authority over ...
