On June 6, 2023, the Federal Reserve Board of Governors, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly issued final third-party risk management guidance for supervised...more
Bank partnerships are a critical component of the U.S. fintech ecosystem and infrastructure.
The agreements that govern bank-fintech partnerships are nevertheless frequently overlooked simply as a legal formality—a...more
5/22/2023
/ Acquisitions ,
Banks ,
Compliance ,
Due Diligence ,
FinTech ,
Governance Standards ,
Infrastructure ,
Marketing ,
Partnership Agreements ,
Recordkeeping Requirements ,
Risk Management ,
Technology Sector
New circular warns that unilaterally reopening closed accounts can constitute an unfair practice -
On May 10, 2023, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") published guidance warning banks that...more
On April 25, 2023, the Federal Trade Commission (FTC), the Civil Rights Division of the U.S. Department of Justice (DOJ), the Consumer Financial Protection Bureau (CFPB), and the U.S. Equal Employment Opportunity Commission...more