A number of states have considered - and some have enacted - laws to regulate strategic partnerships between banks and technology companies that act as service providers....more
4/25/2025
/ Banks ,
Consumer Protection Laws ,
Financial Institutions ,
FinTech ,
Interest Rates ,
Lenders ,
Licensing Rules ,
National Bank Act ,
New Legislation ,
NMLS ,
Pending Legislation ,
Service Contracts ,
Small Business Loans ,
State Legislatures
Virginia's Interest and Usury Chapter (the "Chapter"), found in the Financial Institutions and Services Title of the Virginia Code, sets out basic rules for what rates of interest various entities may charge in the state. ...more
One of the beauties of the national banking system is that it allows state-chartered banks to offer uniform credit products across the 50 states without having to worry about state interest rate caps. This concept - rate...more
Congress has responded to the economic crisis brought on by the COVID-19 virus by passing economic stimulus packages to help small and mid-sized businesses. Congress included in the CARES Act $349 billion for Paycheck...more
FinTech and RegTech Trends to Watch -
Much has been written about FinTech and RegTech in the last few years and, for many lenders, such terms aren’t wholly relevant to the day-to-day operations of their businesses – or are...more
7/31/2019
/ Artificial Intelligence ,
Biometric Information ,
Blockchain ,
Compliance ,
Consumer Financial Products ,
Customer Service Standard ,
Data Management ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Lenders ,
Mobile Banking ,
RegTech ,
Regulatory Standards