In a joint statement, the Federal Deposit Insurance Corp., the Federal Reserve Board and the Office of the Comptroller of the Currency warned that end users...
When it comes to banking and fintech relationships, misguided politics and regulatory forces threaten the spirit of innovation that has brought so many benefits to consumers,...
Bill Harris (left) is the founder and CEO of Evergreen Money. “If I took every bank account in the country and put 5 percent in them,”...
“That guidance, at least as I read it, is actually more tailored to the services that a bank gets, rather than working through a service provider...
The Federal Reserve Board of Governors has created a new oversight team specifically tasked with overseeing the new activities. Stefanie Reynolds/Bloomberg Federal regulators have taken a...
From left: Michael Barr, vice president for oversight at the Federal Reserve; Martin Gruenberg, president of the Federal Deposit Insurance Corp.; and Michael Hsu, acting director...
Jelena McWilliams, a bankruptcy trustee at Synapse Financial and former president of the Federal Deposit Insurance Corp., said the fintech middleware company’s bankruptcy in April was...
The Federal Reserve issued a cease-and-desist order Friday morning against Evolve Bancorp tied largely to its fintech banking partnerships, which include the now-shuttered Synapse Financial. Bloomberg...
The fintech sector has brought unprecedented new levels of competition to the financial services sector. The new rules proposed by the Consumer Financial Protection Bureau would...
Fintech on mortgages Loans is in big trouble with an eviction, non-payment lawsuits, a consent order and grim background data. The company’s troubles first reported by...
