Bill Would Make Agencies More Fintech Friendly
The "Financial Services Innovation Act of 2016" would require the CFPB, Fed Reserve, FDIC, NCUA, OCC, FTC and HUD to each establish a Financial Services Innovation Office to consider petitions from financial services companies to determine what areas of compliance will be applicable. The bill is designed to remove much of the uncertainty that surrounds the development of fintech products. [9/28/16]


