News & Analysis as of

FinTech NPRM Banking Sector

Latham & Watkins LLP

FDIC Proposes to Revise Brokered Deposit Regulations

Latham & Watkins LLP on

The proposal would make key changes to the definition of “deposit broker” with significant ramifications for banks, fintechs, bank-fintech partnerships, and other third parties in the financial services industry....more

Goodwin

OCC Solicits Research on Implications of Financial Technology for Banking

Goodwin on

Regulatory Developments - OCC Solicits Research on Implications of Financial Technology for Banking - On July 25, the OCC is seeking academic and policy-focused research on the impact that fintech and non-bank...more

Perkins Coie

Fintech Legal Report - September 2021

Perkins Coie on

Federal Banking Agencies Issue Guide for Community Banks on Conducting Due Diligence on Fintech Companies - On August 27, 2021, the federal banking agencies (Federal Reserve, FDIC, and OCC) published “Conducting Due...more

BCLP

OCC Continues Digital Banking Modernization

BCLP on

The Office of the Comptroller of the Currency’s (“OCC”) attention to modernizing regulation to better accommodate innovative products and industries is continuing full steam ahead since our recent post about a potential...more

Eversheds Sutherland (US) LLP

FDIC greenlights industrial banks for fintechs and provides regulatory roadmap

On March 17, 2020, the Federal Deposit Insurance Corporation (FDIC) approved Square Financial Services, Inc.’s (Square Financial) and Nelnet Bank’s applications for deposit insurance, subject to several conditions. The FDIC...more

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