February 4, 2020 – Financial Innovation Now filed comments with the OCC and the FDIC supporting both agencies’ efforts to restore national treatment of loans made available via fintech-bank partnerships.
FIN’s letter states “America’s small businesses should have easy access to safe forms of credit. The FDIC’s proposal will restore the valid-when-made principle and maintain a well-regulated option for bringing innovative capital access to underserved borrowers. FIN commends the FDIC’s effort to promote regulatory consistency and financial access throughout the United States.”
