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Wyoming creates fintech sandbox

CFPB Monitor

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.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. The bill , titled the “Financial Technology Sandbox Act,” was introduced as 2019 dawned, and will allow new financial products to be tested in the state.

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CFPB and Colorado Attorney General announce joint virtual office hours as part of AFCIN

CFPB Monitor

These joint office hours are intended to give companies pursuing innovation in consumer financial services the opportunity to discuss new financial technology and ideas for innovation to benefit consumers with officials from the CFPB, state attorneys general, and state regulators.

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CFPB and Utah AG announce joint office hours in Salt Lake City as part of ACFIN

CFPB Monitor

According to the Bureau’s press release, ACFIN’s members currently include attorneys general from Alabama, Alaska, Arizona, Colorado, Georgia, Indiana, South Carolina, Tennessee, and Utah, and state financial regulators from Florida, Georgia, Missouri, and Tennessee.

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Boosting Access To Financial Services In Brazil

PYMNTS

Identity Devices also formed a recent multi-year partnership with Fingerprint Cards (FPC) that aims to enhance the security of the Internet of Things (IoT) ecosystem with biometrics, increasing the use of biometrics in IoT and financial technology markets.

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