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Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Provided technology for fellow Finovate alum Q2’s Contextual PFM solution. Honored as the Innovation Showcase Award winner by the attendees of the BAI Retail Delivery conference. Added to its Compliance Document Management Solution, CertCapture. Added to KBW Nasdaq Financial Technology Index. Authy ( FD15 ).

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Finovate Fall 2016 Live Blog – Day 1

William Mills

Andrew just needs to review the account and forward on to compliance for their review. Andrew can snooze until Compliance has done their work so his workspace is not cluttered. The consumer then sees that the application is referred for review. USAA is a customer and they are known as an innovator. Boy, that’s the truth.

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Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

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CFPB proposes revisions to trial disclosure policy

CFPB Monitor

The proposal follows Acting Director Mulvaney’s July 2019 appointment of Paul Watkins to serve as Director of the Bureau’s Office of Innovation. In the Bureau’s proposal, the TDP Policy is referred to as “the Bureau’s Disclosure Sandbox.”.

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Fall In! FinovateFall 2015 Presenting Companies Revealed

Fintech Labs Insights

To whet your appetite for two days of fintech innovation, we’re releasing the full and final lineup of presenting companies for FinovateFall 2015. additiv develops and implements digital innovations and business models for financial services providers. Auvenir is a smarter way to audit financial statements.

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