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Article

Kilpatrick Townsend & Stockton LLP | USA | 13 Feb 2019

State Attorneys General Criticize the CFPB’s Proposal to Create a Fintech Regulatory Sandbox and Revise its No-Action Letter Policy

The Consumer Financial Protection Bureau (CFPB or Bureau) to Foster innovation in the fintech sector. In December 2018, the CFPB issued proposed

Article

Kilpatrick Townsend & Stockton LLP | USA | 12 Dec 2018

CFPB Issues Proposed Revisions to No-Action Letter Policy and Proposes to Create a Product Sandbox

The Consumer Financial Protection Bureau (CFPB or Bureau) has issued proposed revisions to its 2016 final policy on issuing No-Action Letters, along

Article

Kilpatrick Townsend & Stockton LLP | USA | 7 Dec 2018

Senate Confirms New CFPB Director

On December 6, 2018, the United States Senate voted 50-49 (in a party line vote) to confirm Kathleen L. Kraninger as the next director of the

Article

Kilpatrick Townsend & Stockton LLP | USA | 13 Nov 2018

Arizona Attorney General Announces First Fintech Sandbox Participants

As we previously reported, Arizona began accepting applications in August for its regulatory sandbox that "enables a participant to obtain limited

Article

Kilpatrick Townsend & Stockton LLP | USA | 26 Oct 2018

FDIC Becomes the Latest Federal Agency to Create an Office of Innovation; Seeks to Encourage Banks to Embrace Technological Innovation

Press reports indicated that Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams recently announced at an American Bankers

Article

Kilpatrick Townsend & Stockton LLP | USA | 18 Sep 2018

Comptroller Otting Provides Spirited Defense of the OCC’s Fintech Charter Decision

In an opinion piece published in American Banker, Comptroller of the Currency Joseph Otting asserts that the decision by the Office of the Comptroller

Article

Kilpatrick Townsend & Stockton LLP | USA | 9 Aug 2018

Arizona’s Fintech Sandbox Now Open for Business

On August 3, 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s

Article

Kilpatrick Townsend & Stockton LLP | USA | 18 Jul 2018

CFPB Names Director for the Office of Innovation

On July 18, 2018, Consumer Financial Protection Bureau (CFPB or Bureau) Acting Director Mick Mulvaney announced that he has selected Paul Watkins to

Article

Kilpatrick Townsend & Stockton LLP | USA | 18 Jun 2018

President Trump Settles on Nominee to Lead the CFPB

This past weekend, the White House announced that President Donald Trump plans to nominate Office of Management and Budget (OMB) Associate Director

Article

Kilpatrick Townsend & Stockton LLP | USA | 5 Jun 2018

CFPB and CFTC Working to Develop a Fintech Regulatory Sandbox

Press reports indicate that the Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading

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