Fintech Funding Breaks Records

Fintech Funding Breaks Records

← Previous Article Next Article → United States’ fintech funding reached a record high in 2018, rising 38% to nearly $11 billion last year, according to the latest quarterly report by PwC and CB Insights. The fintech sector not only saw an increase in...
OCC Argues that Court Ruling on Fintech Charter “Must Wait”

OCC Argues that Court Ruling on Fintech Charter “Must Wait”

← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) has recently submitted a motion asking a federal judge to dismiss a lawsuit against the agency’s plan to issue fintech charters, despite acknowledging that a court ruling...
USAA to Pay $15.5M in Deal with the CFPB

USAA to Pay $15.5M in Deal with the CFPB

← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) announced in a consent order on Thursday, January 3, that the USAA Federal Savings Bank will pay customers more than $12 million in restitution and a $3.5 million fine. The...
CFPB Director Sends Memo to Staff Urging Open Minds

CFPB Director Sends Memo to Staff Urging Open Minds

← Previous Article Next Article → Kathy Kraninger, the newly-installed director of the Consumer Financial Protection Bureau (CFPB), sent around a memo to staff that was obtained by the American Banker. In the email, Kraninger urged staff to “vigorously...

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