Fintech Flash News Today

The Consumer Financial Protection Bureau (CFPB) took action to ensure consumers can dispute charges and obtain refunds on buy now, pay later (BNPL) loans...

The Federal Deposit Insurance Corporation's (FDIC) board of directors considered competing resolutions concerning possible amendments to regulations implementing the Change in Bank Control Act.

The term “junk fee” is not defined under federal law, but the CFPB has focused on factors such as whether the fee would be unexpected to or take advantage of a reasonable consumer, the...

On March 21, the Agencies jointly issued an interim final rule granting more time before certain provisions of the previously issued final rule regarding the CRA come into effect.

On March 15, FinCEN issued an administrative ruling affirming that broker-dealers must comply with CIP and CDD requirements when distributing to a beneficiary of IRA funds inherited as part of a charitable estate.

"True lender" is one of the biggest risks in a fintech–bank lending partnership. It is a challenge that regulators or plaintiffs' counsel could advance, alleging that the fintech company...

This edition of Fintech Flash identifies key issues we anticipate will impact the payments industry in 2024. First, the payments regulatory landscape continues to evolve...

In this edition of Fintech Flash, we discuss ways to think about true lender risk in fintech–bank lending partnerships, with a particular focus on how indemnification provisions in...

This edition of Fintech Flash identifies key issues we anticipate will impact the payments industry in 2024. First, the payments regulatory landscape continues to evolve, with a number...

On October 25, the Federal Reserve requested public comments on a notice of proposed rulemaking (the proposed rule) to lower the maximum interchange fee that a large debit card issuer can receive...