• 04.24.19

    California, New York Increase Student Loan Servicer Oversight

    Student loan servicers should prepare for heightened regulation with the passage of a new law in New York and new regulations in effect in California.

  • 03.27.19

    Madden Litigation Sputters Out With Settlement

    After eight years of litigation—and a major ruling from the U.S. Court of Appeals for the Second Circuit that has spawned uncertainty and a chilling effect for lenders—the parties in Madden v. Midland Funding have reached a deal that would bring the case to a close.

  • 03.13.19

    From Fintech Charters to Sandboxes

    Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits by the Conference of State Bank Supervisors (CSBS) and ...

  • 02.27.19

    State Regulators Move to Streamline Fintech Regulation

    State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies.

  • 01.09.19

    Manatt Fintech’s Top 5 Takeaways of 2018

    In the financial technology industry (fintech), 2018 was a fascinating and fast-paced year.

  • 12.05.18

    FDIC Encourages Small-Dollar Lending in New RFI

    The Federal Deposit Insurance Corporation (FDIC) has signaled renewed interest in small-dollar lending.

  • 10.10.18

    New York DFS Files Second Suit Over OCC Fintech Charter

    Here we go again: The New York Department of Financial Services (DFS) has filed its second lawsuit against the Office of the Comptroller of the Currency (OCC) over the agency’s plan to permit fintech companies to apply for Special Purpose National Bank Charters.

  • 10.10.18

    Latest Buzz: Is California Regulator Readying New Financial Regulations?

    In a sign that the California Department of Business Oversight (DBO) is contemplating new enforcement activity or possibly proposed regulations in the lending space, the DBO sent letters to 20 consumer installment lenders asking for details about their annual percentage rates (APRs) and online ...

  • 08.29.18

    Next Phase Begins for DFS Cybersecurity Regulations

    A reminder from the New York Department of Financial Services (DFS): Beginning Sept. 4, all banks, insurance companies and other financial services institutions regulated by the DFS must begin complying with several additional requirements of the agency’s landmark cybersecurity regulation.

  • 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.