State attorneys General (AGs) continue to emerge as major regulators of financial services and show little sign of being cowed by their federal counterparts….or efforts to preempt state authority. This week, representatives of the consumer protection divisions of the AGs of nearly all 50 states plus officials from the FTC and CFPB met in Phoenix … Continue Reading
On December 16, 2015, the Office of the Comptroller of the Currency (OCC) issued its semiannual risk assessments for federally chartered financial institutions (PDF here). Relevant to FinTech, the OCC noted: Banks are increasingly adopting innovative products, services, and processes in response to the evolving needs for financial services and growing competition from other banks and … Continue Reading
On October 6, 2015, Standard Chartered Bank Vietnam and Vietnam-based investment firm Dragon Capital jointly hosted the inaugural meeting of the Vietnam FinTech Club, in Ho Chi Minh City. According to Dragon Capital, the Vietnam FinTech Club is intended to encourage development of Vietnam’s growing FinTech ecosystem. The roundtable meeting featured 20 start-up entrepreneurs and … Continue Reading
