State Regulators Fight Federal Charters for Fintechs

Article 0 Comments A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts consumers and taxpayers at risk. The Conference of State Bank Supervisors (CSBS) said […]

What Banks Got, Did Not Get in Dodd Frank Rewrite Passed by Congress

Article 0 Comments Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne. While Wall Street banks lobbied hard for a range of provisions […]