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Carlton Fields

Impact Investing: Keys to a Responsible Exit

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Impact investing has been gaining new prominence recently to respond to the environmental and social challenges that the traditional frameworks of philanthropy alone could not address. Impact investors generally seek to...more

Baker Donelson

President Biden's AI Executive Order: What Private Sector Organizations Need to Consider

Baker Donelson on

On October 30, 2023, President Biden signed an Executive Order as a part of the administration's continued efforts to regulate the development and use of artificial intelligence (AI)-based technologies. Although many...more

Rothwell, Figg, Ernst & Manbeck, P.C.

White House AI Order Balances Innovation And Regulation

On Oct. 30, President Joe Biden issued an executive order on safe, secure and trustworthy artificial intelligence. The executive order provides a sprawling list of directives aimed at establishing standards for AI safety...more

Hogan Lovells

Bank of Italy initiatives on Artificial Intelligence in the banking, financial and payment sector

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Bank of Italy launched initiatives regarding the use of Artificial Intelligence for innovating the banking, financial and payment sector and complaints handling....more

Davis Wright Tremaine LLP

[Webinar] FinTech Innovation at California’s Newest Financial Regulator: A Discussion with Christina Tetreault, head of the Office...

The California Department of Financial Protection and Innovation (DFPI) aspires to be a "premier financial regulator and national model for consumer protection.” Integral to its strategy is the Office of Financial Technology...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

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Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Hogan Lovells

Financial institutions general regulatory news, September 2020

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SMCR extension: SI extending implementation date made - The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more

Ballard Spahr LLP

NYDFS Creates Research and Innovation Division and Prioritizes Fintech and Consumer Protection

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Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services, detailed in a recent interview that she will prioritize fintech and consumer protection. True to her word, NYDFS...more

ArentFox Schiff

Congress Holds First Fintech Task Force Hearing, Focuses on Innovation Regulation

ArentFox Schiff on

The House Financial Services Committee’s new task force on fintech held its first hearing on Tuesday, June 25th, regarding the regulatory response to fintech’s rapid expansion and the impact it is having on consumers as well...more

Jones Day

Jones Day Presents: State Regulations and Blockchain

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Jones Day's Margaret Lyle discusses the approach various state legislatures are taking with respect to blockchain, which is to support the technology and foster entrepreneurship. She also describes how states are dealing with...more

Kilpatrick

Wyoming Becomes Second State to Create Fintech Regulatory Sandbox

Kilpatrick on

On February 19, Wyoming Governor Mark Gordon signed HB 57, which creates a regulatory sandbox program in the state for companies to test innovative financial products and services. Wyoming becomes the second state in the...more

Locke Lord LLP

Washington, D.C. Establishes Financial Services Regulatory Sandbox and Innovation Council

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Washington, D.C. Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council (the “Council”). The Council has been tasked with analyzing and reporting on the...more

Ballard Spahr LLP

Cato Institute to hold Jan. 17 policy forum on fintech innovation

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The Cato Institute announced that it will hold a policy forum in Washington, D.C. on January 17, 2019 at which the topic will be “Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes.”...more

Kilpatrick

FDIC Becomes the Latest Federal Agency to Create an Office of Innovation; Seeks to Encourage Banks to Embrace Technological...

Kilpatrick on

Press reports indicated that Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams recently announced at an American Bankers Association conference that the FDIC is setting up an Office of Innovation to...more

Kilpatrick

CFPB Names Director for the Office of Innovation

Kilpatrick on

On July 18, 2018, Consumer Financial Protection Bureau (CFPB or Bureau) Acting Director Mick Mulvaney announced that he has selected Paul Watkins to lead the Bureau’s new Office of Innovation. Acting Director Mulvaney...more

Davis Wright Tremaine LLP

Fintech Sandboxes – Update on State Approaches

Arizona’s Fintech Sandbox - Last month Arizona became the first U.S. state to enact a law allowing for the establishment of a fintech regulatory sandbox program (H.B. 2434) to facilitate the growth of innovative financial...more

Blank Rome LLP

The FinTech Revolution: An Introduction to Financial Technology

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This article is the first in a series of articles on this topic by the authors. “FinTech” has become a buzzword of the decade. The term, which is a moniker for “financial technology,” captures all manner of...more

Kilpatrick

Obama Administration Issues a Fintech Policy Whitepaper

Kilpatrick on

On January 13, 2017, the National Economic Council published a whitepaper that articulates the Obama Administration’s perspective on and vision for FinTech. The whitepaper builds upon the June 2016 White House FinTech Summit,...more

Carlton Fields

SEC and OCC Seek Accommodation with Fintech Firms

Carlton Fields on

In November, industry participants and their regulators convened at the SEC for a special forum on the use of financial technology (fintech). In recent years, large amounts have been invested in fintech platforms such as...more

Orrick, Herrington & Sutcliffe LLP

National Bank Charters for Fintech Companies

"Technology-based products and services are the future of banking and the economy." "What excites me most about the changes occurring in financial services is the great potential to expand financial inclusion, reach...more

A&O Shearman

Innovate or stagnate: the race to regulate fintech in Asia Pacific

A&O Shearman on

Financial technology (“fintech”) has exploded in recent years, with innovations like blockchain, artificial intelligence and cloud-based software promising to disrupt every financial service from banking and payments to...more

Bradley Arant Boult Cummings LLP

CFPB Sends Clear Message That FinTech Start-Ups Have Same Obligations as Established Companies

In a clear message to FinTech start-ups, on September 27, 2016, the Consumer Financial Protection Bureau (CFPB) ordered online lender Flurish, Inc. to pay $1.83 million in refunds and a civil penalty of $1.8 million for...more

Ballard Spahr LLP

Congressman introduces fintech bill

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Republican Congressman Patrick McHenry, Vice Chair of the House Financial Services Committee, has introduced the “Financial Services Innovation Act of 2016,” which is intended to provide a streamlined regulatory process for...more

Bilzin Sumberg

Lenders & FinTech Companies Now Have an Opportunity to Shape Federal Regulation of FinTech

Bilzin Sumberg on

On March 31, 2016, the Office of the Comptroller of the Currency (“OCC”) issued its much anticipated white paper on the role of financial technology (“FinTech”) in the financial services industry. The paper, titled Supporting...more

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