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CFPB Rolls Out Innovation Regulator Network

PYMNTS

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.

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What An Educationally Focused CU Can Teach Other FIs

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One such credit union is the Knoxville Teachers Federal Credit Union (KTFCU) of Knoxville, Tennessee, which exclusively serves members working in local education. A survey from CFI Group released last year found 2016 member satisfaction with credit unions had dropped from 87 to 84 points on a 100-point scale, a four-year low for the market.

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CFPB finalizes product sandbox proposal and changes to trial disclosure, no-action letter policies; discloses plans to propose interpretive letter program

CFPB Monitor

In addition, the CFPB has announced the creation of the American Financial Innovation Network (ACFIN) to facilitate coordination between the CFPB, other federal regulators, and state regulators and the CFPB’s issuance of the first NAL under the revised NAL Policy.

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Ohio Lottery Makes A New Bet on Mobile

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But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. In a handful of states, including Tennessee and South Carolina, lottery tickets may only be bought with cash.”

Ohio 103
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

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But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. When the regulators come marching in, getting out of the way is usually a better idea. The fizzle wears on. Costco Card. Tech is back.

Lending 101
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House Hearing Signals Fireworks On Big Tech Antitrust Issues

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The second hearing focused on innovation and competitive impact on the tech space, and panelists included executives from Apple , Amazon and Google. 8), the AGs focused on Facebook include Colorado, Florida, Nebraska, North Carolina, Tennessee, Florida, Iowa and the District of Columbia. At this writing (Sunday, Sept. The Hearing.