Activities Supervision Program News Today

In testimony before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Michael S. Gibson, Director, Division of Supervision and Regulation referred to the newly-created “Novel Activities Supervision Program.” The program will “Focus on the supervision of risks posed by novel, technology-driven activities at banks.…

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry...

On August 8, the Federal Reserve Board announced the issuance of two supervision letters that elaborate on the its program to supervise “novel activities” such as fintech partnerships,...