Fintech regulations

Capital One's dispute with Plaid raised questions about the ability of banks and aggregators to work together. But the end of that fight, and Capital One's deal with Finicity, show common ground can be reached — eventually.

The administration’s recent report on fintech innovation discussed ways to adopt electronic promissory notes — or eNotes — and automated appraisals in federal mortgage programs.

Lawmakers approved legislation to enable coordination between state and federal regulators on examining banks' third-party vendor relationships.

Other aggregators came to the bank's defense, while one CEO suggested Plaid's very public protest was unfounded.

Comptroller of the Currency Joseph Otting said in a press conference Wednesday morning that there is a place in the banking world for some kind of fintech charter, though the exact parameters of such a charter are still unclear and have to be worked out.

Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature.

The changes to the National Multistate Licensing System will include a more customized user experience for companies and functionality for states to share examination data.

Rep. Maxine Waters, D-Calif., is calling on the FDIC to hold a public hearing on SoFi's application for deposit insurance.

The deposit insurer has stayed out of the debate over how to regulate the online lending industry. But that may be about to change.

Congressional action is necessary to give financial regulators the tools they need to promote responsible innovation.

In a speech, Consumer Financial Protection Bureau Director Richard Cordray said the agency enforces “with the principle of equal justice” so enforcement actions don’t seem random.