International Developments
Policy Updates
IMF and World Bank Launch Bali FinTech Agenda
On October 11, 2018, the International Monetary Fund (“IMF”) and the World Bank Group launched the Bali FinTech Agenda, “a set of 12 policy elements aimed at
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.
International Developments
Policy Updates
IMF and World Bank Launch Bali FinTech Agenda
On October 11, 2018, the International Monetary Fund (“IMF”) and the World Bank Group launched the Bali FinTech Agenda, “a set of 12 policy elements aimed at…
On October 3, 2018, a group of federal bank regulators and FinCEN announced in a joint statement that banks and credit unions could collaborate and share resources to manage their Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) obligations. A…
The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report.
Roundup of CFTC Resources
The Commodity Futures Trading Commission (CFTC) announced on September…
The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report.
State Bank Regulators and NYDFS to renew litigation against OCC
On September 12,…
The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report.
Varo Bank Receives Preliminary Approval for a National Bank Charter
On September 4,…
The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report.
U.S. Chamber of Commerce Announces FinTech Innovation Initiative
The U.S. Chamber of Commerce…
The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report.
OCC Begins Accepting National Bank Charter Applications from Financial Technology Companies
On July…
FINRA Issues a Regulatory Notice for Firms to Let FINRA Know About Digital Asset Activities
On July 6, the Financial Industry Regulatory Authority (“FINRA”), a self-regulatory organization that primarily oversees the regulation of broker-dealers, issued a new Regulatory Notice to…
Summary of SDNY order holding that CFPB is unconstitutional
CFPB v. RD Legal Funding, LLC, 17-cv-890 (June 21, 2018, S.D.N.Y.)
Last week, a federal court in New York ruled that the entire Consumer Financial Protection Bureau (“CFPB”) is unconstitutional. The…
Below is a summary of some of the significant legal and regulatory actions that occurred over the past weeks. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may…