OCC Pilot Program to Provide Input on Innovative Bank Products, Services
As part of its ongoing efforts to support innovation in the banking sector, the OCC today requested public feedback on a proposed “innovation pilot program.”
Browsing: Regulatory sandbox
Policymakers Discuss Regulatory Role in Fintech, Innovation
Comptroller of the Currency Joseph Otting today highlighted his agency’s efforts to foster responsible innovation, including through the creation of its special purpose fintech charter.
ABA, Groups Welcome CFPB ‘Sandbox’ Proposal
In a letter to the Consumer Financial Protection Bureau today, ABA and three other trade groups offered their support for the bureau’s proposed changes to its 2016 no-action letter policy and its proposal to establish a “sandbox” where banks and nonbank fintech firms can test new products, services and delivery mechanisms.
Five Global Fintech Trends in 2019
Financial innovation is happening worldwide. Here are some of the top developments to watch.
To Encourage Innovative Consumer Disclosures, CFPB Revamps Unavailing Policy
Five years after the Consumer Financial Protection Bureau finalized a policy for trial consumer disclosures that saw exactly zero such disclosures authorized, the bureau is retooling its policy to encourage more companies to develop trial disclosures.