Focus on Fintech – Q4 2023

In this issue, we discuss updates and developments from federal regulators, including those related to the intersection of fintech and artificial intelligence, crypto-asset and central bank digital currencies, and consumer protection. We also discuss rule updates from the CFPB, FinCEN, and the FTC, and we look at enforcement actions and consent orders from several regulatory bodies, as well as the SEC’s 2024 examination priorities. Finally, we conclude this edition with our state law round-up, which discusses the New York Department of Financial Services' amendments to its cybersecurity regulations and Florida's recent declaratory statement on money transmitters.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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