CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Thus, unlike Arizona’s sandbox, a person receiving a waiver under the Sandbox Act can be exempted from Wyoming’s civil usury laws.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

PYMNTS

JANUARY 7, 2019

Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

FEBRUARY 25, 2019

A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system. Identity Devices Sweden AB will provide a new biometric privacy platform (BPP) to Aadhaar, essentially adding a new layer of security to its online and offline authentication systems.

Wyoming 134

Wyoming Idaho Maryland Colorado 134