• 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

    Deal Final in FTC’s Action Against Online Lender

    The Federal Trade Commission (FTC) has finalized its deal with SoFi, an online lender that the agency had accused of making false statements about student loan refinancing.

  • 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.

  • 02.14.19

    Pennsylvania Joins Other States With Guidance on Virtual Currency

    Is virtual currency “money” for purposes of the Pennsylvania Money Transmitter Act?

  • 02.14.19

    Small-Dollar Lending: State AGs Offer FDIC Advice, CA DBO Takes Action

    Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.

  • 02.14.19

    Otting Paints Positive Picture for Fintech Charters

    Comptroller of the Currency Joseph Otting recently weighed in on fintechs, presenting a positive picture for fintech companies considering seeking a special purpose national bank charter from the Office of the Comptroller of the Currency (OCC).

  • 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.

  • 12.19.18

    California DBO Seeks Help With SB 1235

    The California Department of Business Oversight (DBO) has started the process of developing regulations to implement SB 1235, which imposes new disclosure requirements for commercial financing in the state.

  • 12.05.18

    Regulatory Push for Industry Collaboration, Technology Continues

    Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams emphasized the need for partnership and collaboration with the financial services industry, in recent remarks at a fintech conference.