An overview of the current fintech regulation in the US by the prudential regulators: the OCC, the FDIC, and the Federal Reserve.
The Federal Reserve’s plan to improve the speed, efficiency and security of the US payments system has made significant strides toward those goals, but there’s more work to do, according to the Fed’s latest progress report on the initiative.
Will everyone really benefit from the real-time payments coming to the US? Can the US regulator mandate the banking sector to adopt it? And what are the chances of this new faster payments system becoming ubiquitous? Banking Technology digs deeper, past the hype. It’s a pretty safe bet that the roll-out of faster payments in […]