The Fintech Report, published by Perkins Coie LLP, focuses on legal developments and regulatory trends affecting the financial technology sector. It covers topics such as consumer financial protection in emerging markets like video gaming and virtual worlds, regulatory proposals for Buy Now Pay Later services, enforcement actions against undisclosed fees in consumer financing, and market volatility impacts on financial institutions. The blog also addresses issues related to data privacy, consumer credit markets, and compliance with federal and state financial regulations. It serves as a resource for understanding the intersection of fintech innovation, consumer protection, and regulatory oversight.
Weekly Fintech Focus
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Weekly Fintech Focus
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Weekly Fintech Focus
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Weekly Fintech Focus
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Weekly Fintech Focus
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Weekly Fintech Focus
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FinCEN Director Discusses How FinCEN Uses BSA Data and the BSA Value Project
The Director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. Blanco, delivered prepared remarks at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference this…
CFPB Proposes to Expand Certain Remittance Transfer Safe Harbors
To reduce compliance costs for certain banks, credit unions and other insured financial institutions, the Consumer Financial Protection Bureau (CFPB) proposed amendments to Regulation E to increase the safe-harbor available to…
The Fed Chairman Comments on Potential for a US-backed Digital Currency
Jerome Powell, Chairman of the Federal Reserve, wrote to Congress this week discussing the merits of implementing a central bank digital currency (CBDC) in the U.S. The letter responds…
California Prohibits Clinics from Using Deferred Interest Provisions
California signed into law SB-639 that prohibits medical and veterinary clinics and their agents and employees from establishing open-end credits or loans that include deferred interest provisions in an effort to protect…
