FIN Response to CFPB Payments Data Orders
October 21, 2021 – Today FIN responded to CFPB orders sent to specific FIN member companies. The following statement is attributed to Brian Peters, Executive Director, Financial Innovation [...]
FIN Urges Fed to Promote Competition in Card Payments Online
August 11, 2021 – Today Financial Innovation Now urged the Federal Reserve Board of Governors to adopt its proposed rule to promote competition in debit card routing networks online. In a [...]
FIN Encourages CFPB to Empower Consumers with Technology and Data
February 4, 2021 – Today Financial Innovation Now urged the Consumer Financial Protection Bureau to move forward with a rulemaking to help preserve and expand consumer access to financial [...]
FIN Commends OCC Rule Promoting National Credit Access
May 29, 2020 – The Office of the Comptroller of the Currency today issued a rule to restore consistent, nationwide access to credit. The rule will help ensure regulatory clarity for loans [...]
FIN Applauds Rep. McHenry’s Financial Services Innovation Act of 2019
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 [...]
‘FedNow’ Payment Decision is Generational Milestone
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 [...]
FIN Urges States to Work With Congress to Unify Digital Money Consumer Protections
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 [...]
FIN to California: Focus on Narrow Scope of Payment Regulation
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 [...]
FIN Welcomes Regulatory Program for Modern Consumer Disclosures
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 [...]
FIN Welcomes OCC Fintech Charter Announcement
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 [...]
FIN Statement on U.S. Treasury Report on Financial Technology; Leading Innovators Praise Policy Goals
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 [...]
U.S. Report on Financial Technology – Key Takeaways
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 [...]
FIN Welcomes CFPB Prepaid Rule Delay, Urges Ongoing Tech Flexibility
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. [...]
FIN Applauds CFPB Data Access Principles
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 [...]
FIN Comments in CFPB Small Business Lending Data Inquiry
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 [...]
FIN Urges CFPB Flexibility on Digital Wallets; Seeks More Time on Prepaid Card Rule
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 [...]
FIN Commends New OCC Leadership for Commitment to Promoting Fintech Innovation
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 [...]
FIN Encouraged by CFPB Willingness to Consider Revisions to Prepaid Rule
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 [...]
FIN Positive About OCC and New Administration’s Efforts to Promote Innovation
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 [...]
FIN Welcomes CFPB Delay on Prepaid Rule
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 [...]
FIN Expresses Significant Concern with Iowa Digital Wallet Tax
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
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 [...]
FIN Responds to Comptroller Curry’s Request for Feedback on Federal Fintech Charter
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 [...]
Comptroller of Currency ‘moving forward’ with fintech charters; FIN statement
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 [...]
FIN Statement on CFPB Catalyst Report and Cordray Comments on Financial Innovation
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 [...]
FIN Statement on Introduction of H.R. 6118, the Financial Services Innovation Act of 2016
The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now: Financial Innovation Now appreciates Congressman McHenry’s interest in promoting [...]
FIN supports recent fintech bills introduced by Rep. Patrick McHenry (R-NC)
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 [...]
New Report Examines Regulatory Landscape of Financial Technologies
White paper shows extensive regulatory requirements for new marketplace entrants WASHINGTON – JULY 11, 2016 – Financial Innovation Now, a public policy coalition comprised of Amazon, [...]
Financial Innovation Now Submits Comments to OCC
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.
