CFPB Reassures Fintechs with ‘No-Action’ Letter for Upstart Network
Online lending service Upstart Network has received a “no-action” letter from the Consumer Financial Protection Bureau, the first such letter ...
Tag: Financial Regulation
EU Rule Change Could Boost Software Investment at Banks
New rule changes under discussion by European Union regulators could allow EU banks to invest more in software, allowing them ...
UBS Virtual Currency Initiative Adds New Banks
A virtual currency initiative led by UBS Group AG has gained six new members, including banks Credit Suisse and Barclays, ...
New China Regulations Could Ban ICOs
Chinese regulators are considering banning initial coin offerings altogether. As the country’s regulators — most notably the People’s Bank of ...
RegTech Needs to Focus on Behavior, Not Keywords
EXCLUSIVE— For machine learning and other technologies to make regtech the future, firms are going to have to ditch their ...
Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?
Want a national bank that’s mobile-only? So does Varo Money. Varo applied for a banking charter from the Federal Deposit ...
Invest in Data Management to Fight Regulatory Challenges, Survey Says
Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management ...
If FIs Want AI, They Need to Crack NLP First
Building artificial intelligence technology into a financial system is tricky—mainly because artificial intelligence technology is still in its nascent stage. ...
For Blockchain Adoption, FIs Have to Solve Compliance First
The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with ...
Feedback On the OCC Fintech Charter Is Still Mixed
The OCC’s decision to issue charters specific to fintech could have profound effects for the financial industry—but will those lead to ...
