• 08.29.18

    FinCEN Director Gets Real About Virtual Currency

    Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco recently discussed his agency’s efforts in the area of virtual currency, explaining the fine line between encouraging innovation and protecting consumers.

  • 08.29.18

    State Regulators Busy With Fintech Sandbox, Investigation and Settlement

    In state-specific news, Arizona opened its sandbox for fintech play, Lending Club revealed that Massachusetts is following in the footsteps of the Federal Trade Commission (FTC) and the Georgia attorney general reached a $75,000 settlement with a financial institution over unauthorized fees.

  • 08.16.18

    States Take Action on Bitcoin Online Lending

    State regulators are keeping a close eye on cryptocurrency and digital lending activities, with a cease and desist order involving bitcoin and a new law targeting online lenders.

  • 08.03.18

    OCC to Accept Fintech Charter Applications. What Happens Next?

    In a decision long anticipated by the fintech industry and opposed by multiple state regulators, on July 31 the Office of the Comptroller of the Currency (OCC) announced it will accept applications for special purpose national bank charters for fintech companies.

  • 08.02.18

    New York’s DFS Report Could Yield Increased Regulation

    Based on a law requiring a survey of online lending in the state, New York’s Department of Financial Services (DFS) issued a report on the methods of operation, lending practices, and risks and benefits of online lending, including recommendations that could lead to additional regulation of ...

  • 07.18.18

    State AGs: No Need for Madden Fix Legislation

    A group of state attorneys general reached out to congressional leadership, pushing back against the Madden fix legislation pending in the U.S. House of Representatives.

  • 06.20.18

    Federal Reserve Governor Talks Digital Innovations

    How will digital innovations impact the financial system? Speaking at the Decoding Digital Currency Conference sponsored by the San Francisco Federal Reserve Bank, Federal Reserve Board Governor Lael Brainard discussed cryptocurrencies, digital currencies and distributed ledger technologies.

  • 06.06.18

    Fintech Update: Regulators Join Together for Fintech Oversight

    A key regulator has announced a cryptocurrency crackdown in conjunction with Canadian as well as U.S. federal and state regulators.

  • 05.24.18

    Fintech Developments: FTC, FDIC, OCC and More

    Fintech developments continue to unfold, with ongoing workshops and forums, Federal Deposit Insurance Corp. remarks from its chair, another dismissal in the challenge to the Office of the Comptroller of the Currency’s (OCC) proposal to issue fintech charters, and a new bill in the New York ...

  • 05.11.18

    Eleventh Circuit Weighs in on Arbitration With Cryptocurrency Exchange

    May an online digital currency platform compel arbitration in a proposed class action brought by a former customer of a now-defunct cryptocurrency exchange?