As part of Bradley’s continuing coverage of the North Carolina Sandbox Act, we wanted to know what community members and NC fintech aficionados thought about this proposed legislation. We posed six questions to Tariq Bokhari,...more
8/4/2021
/ Banking Sector ,
Blockchain ,
Cybersecurity ,
Data Privacy ,
Emerging Technology Companies ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Insurance Industry ,
NGOs ,
North Carolina ,
Popular ,
Proposed Legislation ,
Stakeholder Engagement ,
Startups ,
State and Local Government
Crisis has set the stage for fintech companies in 2021, creating both new opportunities and potentially unprecedented challenges to innovation. While the coronavirus pandemic continues to accelerate the digital transformation...more
3/23/2021
/ Banking Sector ,
CFTC ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Joe Biden ,
Legislative Agendas ,
OCC ,
Privacy Laws ,
Regulatory Oversight ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Technology
On the heels of FinCen and Federal Banking Agencies releasing a joint statement “Encouraging Innovative Industry Approaches to AML Compliance,” Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker...more
12/4/2018
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Cryptocurrency ,
Cybersecurity ,
Digital Currency ,
Financial Institutions ,
FinCEN ,
Popular
Security researchers and cybersecurity experts recently discovered a weakness in Fiserv’s web platform, which may have exposed the personal and financial details of customers across hundreds of internet banking sites. The...more
The Office of the Comptroller of the Currency announced, in a highly anticipated decision, that it would begin to consider special-purpose charter applications from fintech entities. This move, which has been the subject of...more
On October 18, 2017, the Consumer Financial Protection Bureau (CFPB) outlined nine non-binding Consumer Protection Principles (the Principles) for the access and sharing of consumer information between third-party companies....more
11/29/2017
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Watchdog ,
Cybersecurity ,
Data Controller ,
Data Security ,
Dodd-Frank ,
EU ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Online Payments ,
Personally Identifiable Information ,
Popular ,
Transparency ,
UDAAP
Financial technology, or fintech, is poised to be the center of U.S. regulation in 2017. Industry experts estimate that between July 2015 and January 2016, more than $5.5 billion was invested in the fintech sector. As fintech...more
7/6/2017
/ Banking Sector ,
Big Data ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Financial Services Industry ,
FinTech ,
Hackers ,
Innovative Technology ,
Popular ,
Regulatory Oversight
This blog is the first in a series of articles which will examine the risks, rewards, innovative uses, and changing legal landscape of social media use by financial services institutions. Future blog articles will examine...more
The Consumer Financial Protection Bureau (CFPB) ordered First National Bank of Omaha (FNBO) to pay a $4.5 million civil money penalty and $27.75 million in customer restitution for violations of engaging in deceptive...more
10/6/2016
/ Add-ons ,
Banking Sector ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
First National ,
Popular ,
Risk Management ,
UDAAP ,
Unfair or Deceptive Trade Practices
In a clear message to FinTech start-ups, on September 27, 2016, the Consumer Financial Protection Bureau (CFPB) ordered online lender Flurish, Inc. to pay $1.83 million in refunds and a civil penalty of $1.8 million for...more
10/3/2016
/ Banking Sector ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Business Oversight ,
Enforcement Actions ,
Facebook ,
Financial Services Industry ,
FinTech ,
Innovation ,
Innovative Technology ,
Online Marketplace Lending ,
Payday Loans ,
Popular ,
Regulatory Oversight ,
Startups ,
Technology
Last week, federal and state lawmakers took significant steps toward specific regulations targeting digital financial technology, mobile banking and cybersecurity, signaling the possibility of wholesale changes to the legal...more
9/21/2016
/ Banking Sector ,
Blockchain ,
Cybersecurity ,
Data Protection ,
Digital Currency ,
Financial Services Industry ,
FinTech ,
Legislative Agendas ,
Popular ,
State and Local Government ,
Technology
Financial services companies pursuing judicial foreclosures in Florida already face a host of unique and challenging hurdles. The varying and often-times court- or judge-specific procedural, substantive, and evidentiary...more