Bank-fintech partnerships have transformed the financial services landscape, creating new opportunities and challenges for traditional banking institutions and innovative technology companies alike. ...more
Bank-fintech partnerships have transformed the financial services landscape, creating new opportunities and challenges for traditional banking institutions and innovative technology companies alike. In a typical arrangement,...more
5/30/2025
/ Anti-Money Laundering ,
Banks ,
BSA/AML ,
Enforcement Actions ,
Enforcement Authority ,
Federal Reserve ,
Financial Services Industry ,
FinTech ,
New Regulations ,
OCC ,
Patriot Act ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Third-Party Risk
Section 1024 of the Dodd-Frank Act of 2010 authorizes the Consumer Financial Protection Bureau (CFPB) to define markets for consumer financial products and services and supervise the larger participants within those markets...more
12/12/2024
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Services ,
Digital Wallets ,
Dodd-Frank ,
Final Rules ,
Financial Services Industry ,
Market Participants ,
Mobile Apps ,
Regulatory Oversight ,
Reporting Requirements
On September 17, the Federal Deposit Insurance Corporation (FDIC) proposed a new rule that would significantly impact the risk management and oversight requirements for bank-fintech arrangements. This proposal comes in...more