OCC Starts Accepting Applications for National Bank Charters From FinTech Companies
← Previous Article Next Article → Yesterday, the Office of the Comptroller of the Currency (OCC) announced that it will begin accepting applications for national bank charters from nondepository financial technology companies engaged in banking businesses....
Treasury Department Releases Report on Nonbank Financials, Fintech, and Innovation
← Previous Article Next Article → Today, the U.S. Department of the Treasury released a report to the President titled A Financial System that Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation. The report is Treasury’s fourth report...
Sens. Schumer, Udall: We Must Build on the Successes of Self-Determination
← Previous Article Next Article → Last week, in an opinion column posted to Indianz.com, Senators Tom Udall (D-N.M.), who serves as vice chairman of the Senate Committee on Indian Affairs, and Chuck Schumer (D-N.Y.), the Democratic leader in the Senate,...
Office of Financial Research Nominee Gets Confirmation Hearing
← Previous Article Next Article → Earlier this week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing on four nominations, including that of Dr. Dino Falaschetti to be Director of the Treasury Department’s Office of Financial...
Consumer Advocacy Groups Sue Over CFPB Nominee Records
← Previous Article Next Article → Yesterday, consumer advocacy group Allied Progress filed a Freedom of Information Act (FOIA) lawsuit against both the Office of Management and Budget (OMB) and Consumer Financial Protection Bureau (CFPB), seeking information...
House Financial Services Committee Passes Financial Technology Protection Act
← Previous Article Next Article → Yesterday, the U.S. House of Representatives Financial Services Committee approved seven pieces of legislation, including the Financial Technology Protection Act (H.R. 5036). This legislation, introduced by Rep. Ted Budd...
Square and eBay Team Up to Boost Small Business Lending
← Previous Article Next Article → As small business lending becomes more competitive in the fintech space with PayPal and Amazon offering lines of credit to sellers using their platforms, Square announced in a press release this morning that it will be...
More from CFPB Nomination Hearing: Committee Democrats Unconvinced on Kraninger
← Previous Article Next Article → Yesterday, we covered CFPB Nominee Kathy Kraninger’s remarks and initial reactions from her confirmation hearing. Today we’re digging into the questions that were asked, the response she got from members of the Senate...
