A New Path to Regulatory Relief for Banks, Fintech Firms

– Law360
Community banks indeed need regulatory relief. Regulators generally agree, but their hands are tied as a decade-long enforcement environment drags on. Meanwhile, financial technology firms assert they should not be subject to banking-type regulatory supervision as long as they are not banks or until they partner with banks. Both groups need to be more realistic about what regulatory relief is actually possible.
 

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