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Innovation Banks

Carlton Fields

Impact Investing: Keys to a Responsible Exit

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Impact investing has been gaining new prominence recently to respond to the environmental and social challenges that the traditional frameworks of philanthropy alone could not address. Impact investors generally seek to...more

Davis Wright Tremaine LLP

[Webinar] FinTech Innovation at California’s Newest Financial Regulator: A Discussion with Christina Tetreault, head of the Office...

The California Department of Financial Protection and Innovation (DFPI) aspires to be a "premier financial regulator and national model for consumer protection.” Integral to its strategy is the Office of Financial Technology...more

Manatt, Phelps & Phillips, LLP

[Webinar] Fostering Responsible Innovation in California: Meet DFPI’s Christina Tetreault - July 28th, 10:00 am - 10:45 am PT

As its name suggests, California’s new Department of Financial Protection and Innovation (“DFPI”) isn’t just about protecting consumers—it also has an important mission to foster responsible innovation. What exactly is DFPI...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Sheppard Mullin Richter & Hampton LLP

New York’s Department of Financial Services: the Self-Styled “Regulator of the Future”

Under its new leader, the New York Department of Financial Services (“DFS”) has staked out high ground for itself by self-identifying as the “regulator of the future” DFS’s pronouncement came in a July press release issued...more

Nutter McClennen & Fish LLP

Fintech in Brief: OCC Singles Out Financial Innovation as Special Risk Topic

On May 20, the OCC published its Semiannual Risk Perspective, Spring 2019 and singled out financial innovation and rapid developments in Fintech as a special topic in emerging risks to the banking industry. This is the first...more

Troutman Pepper

Call to Innovate: Is Your Bank Ready?

Troutman Pepper on

In October 2018 the FDIC became the latest federal financial regulator to announce plans to create an Office of Innovation, following on the heels of the OCC and the CFPB. Originally published in Delaware Banker - Winter...more

Kilpatrick

Speech by Federal Reserve Board Governor Brainard on Fintech and the Search for “Full Stack” Financial Inclusion

Kilpatrick on

On October 17, 2018, Federal Reserve Board Governor Lael Brainard delivered a speech entitled “FinTech and the Search for Full Stack Financial Inclusion” at the FinTech, Financial Inclusion — and the Potential to Transform...more

Kilpatrick

Treasury Department Releases Report on Nonbank Financial Firms, Fintech, and Innovation

Kilpatrick on

On July 31, 2018, the United States Department of the Treasury released a report identifying improvements to the regulatory landscape that the agency believes will better support nonbank financial institutions, embrace...more

Kilpatrick

Federal Reserve Board Governor Jerome Powell Delivers Remarks on Financial Innovation

Kilpatrick on

In a recent speech at the 41st Annual Central Banking Seminar, sponsored by the Federal Reserve Bank of New York, Federal Reserve Board Governor Jerome H. Powell discussed financial innovation. Powell is rumored to be...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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A review of the Fed minutes released yesterday shows the willingness of some Fed Governors to start rate raising again sooner rather than later....more

Troutman Pepper

OCC Establishes New Third-Party Risk Management Expectations, Including for Bank Relationships With Marketplace Lenders

Troutman Pepper on

The bulletin requires relationships between banks and marketplace lenders to be treated with the same rigor of due diligence and ongoing oversight as other relationships with third parties. On January 24, the Office of...more

Dechert LLP

US Comptroller of the Currency Will Offer Limited Purpose National Bank Charters to Fintech Companies

Dechert LLP on

The Comptroller of the Currency, Thomas Curry, announced on December 2, 2016, that the Office of the Comptroller of the Currency (OCC) intends to move forward with issuing limited purpose national bank charters to financial...more

Locke Lord LLP

OCC Moves Forward With Special Purpose Fintech Charter

Locke Lord LLP on

On December 2nd at the Georgetown University Law Center Comptroller of the Currency Thomas J. Curry announced that the OCC had made the determination to consider applications for special purpose national bank charters filed...more

A&O Shearman

US Office of the Comptroller of the Currency Issues Responsible Innovation Framework

A&O Shearman on

The OCC announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand and respond to financial innovation affecting the...more

Manatt, Phelps & Phillips, LLP

Regulators Publish Updates to CRA Guidance

The federal bank regulatory agencies adopted revisions to the interagency guidance on the Community Reinvestment Act, focusing on alternative systems for delivering retail banking services, innovative or flexible lending...more

Manatt, Phelps & Phillips, LLP

State Banking Regulators Issue Annual Report

What were state banking regulators focused on last year? A new report from the Conference of State Bank Supervisors (CSBS) reveals that state regulators "increased coordination and collaboration between state regulators and...more

Manatt, Phelps & Phillips, LLP

The OCC on Innovation

Seeking to demonstrate its support for technological innovation, the Office of the Comptroller of the Currency (OCC) released a white paper offering a framework for approaching "responsible innovation." The white paper...more

Manatt, Phelps & Phillips, LLP

What Banks Need to Do to Address Technological Change

In the past few years the FinTech industry has grown exponentially. According to a recent Forbes article, the existing number of FinTech start-ups globally are between 5,000 and 6,000, all seeking to take a slice of the...more

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