Regulation

October 21, 2019 – Today U.S. Rep. Patrick McHenry introduced the Financial Services Innovation Act of 2019, which seeks to improve regulatory coordination among federal financial services [...]

August 5, 2019 – Federal Reserve Board Governor Lael Brainard in a speech today announced the Board’s decision to invest in development of “FedNow,” a real-time interbank gross [...]

April 12, 2019 – Today FIN applauded state financial regulators for their efforts to streamline digital wallet regulations and urged them to work with Congress towards a federal solution [...]

April 9, 2019 – Today FIN told the California financial regulator to maintain a narrow focus when regulating payment services. In a regulatory filing, FIN argued that California should [...]

October 10, 2018 – Financial Innovation Now today called on the Bureau of Consumer Financial Protection to promote better consumer disclosures through the latest technology. In comments to [...]

July 31, 2018 – The Office of the Comptroller of the Currency (OCC) today announced it will begin accepting applications for national bank charters from financial technology firms. FIN has [...]

July 31, 2018 – The U.S. Department of the Treasury today released a report outlining a number of policy proposals to modernize federal financial services regulations. The Treasury report aligns [...]

The U.S. Government Accountability Office (GAO) recently released a report on the regulation of financial technology. The report, “Financial Technology: Additional Steps by Regulators Could [...]

January 25, 2018 – Today the Consumer Financial Protection Bureau issued final changes to is Prepaid Accounts Rule, which include a delay in the effective date of the rule until April 2019. [...]

October 18, 2017 – Financial Innovation Now today applauded the CFPB’s release of principles to ensure that consumers can safely access their financial data. The following statement is [...]

September 14, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s inquiry into small business lending data. The following statement is attributed to Brian [...]

August 11, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s proposed amendments to its new rule on prepaid cards. The following statement is attributed to [...]

July 19, 2017 – Today Acting Comptroller of the Currency Keith A. Norieka affirmed the Office of the Comptroller of the Currency’s intent to accept fintech charter applications and to [...]

June 15, 2017 – Today the Consumer Financial Protection Bureau announced proposed amendments to its rule on prepaid cards, including a number of substantive changes and potential further [...]

March 15, 2017 – Today the OCC released a draft licensing manual for financial technology companies that may wish to pursue a special purpose bank charter. The OCC is accepting comments on the [...]

March 9, 2017 – Today the Consumer Financial Protection Bureau announced a proposal to delay implementation of its new rule on prepaid cards, including consideration of substantive changes [...]

March 1, 2017 – Today Financial Innovation Now expressed significant concerns with an Iowa proposal to tax digital wallet transactions. In a letter to the Iowa House Judiciary Committee, FIN [...]

FIN Welcomes CFPB Oversight of Consumer Access to Financial Records, Urges Industry Effort on Standards February 21, 2017 – Today Financial Innovation Now responded to the Consumer Financial [...]

January 17, 2017 – Today Financial Innovation Now responded to Comptroller Curry’s request for feedback regarding the Office of the Comptroller of the Currency’s (OCC) proposal to [...]

December 2,2016 – Today the Office of the Comptroller of the Currency (OCC) confirmed it would ‘move forward’ accepting fintech charter applications, and issued a white paper [...]

The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now: Financial Innovation Now and its member companies are encouraged by the Consumer Financial [...]

The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now: Financial Innovation Now appreciates Congressman McHenry’s interest in promoting [...]

Financial Innovation Now today sent a letter to Republican and Democratic House leadership urging the consideration of two fintech-related bills recently introduced by Rep. Patrick McHenry [...]

White paper shows extensive regulatory requirements for new marketplace entrants WASHINGTON – JULY 11, 2016 – Financial Innovation Now, a public policy coalition comprised of Amazon, [...]

Today, Financial Innovation Now submitted written comments supporting the Office of the Comptroller of the Currency’s (OCC) innovation initiative. You can download a .pdf of the comment letter here.