In testimony before the House Financial Services Committee this week, acting Comptroller of the Currency Michael Hsu suggested fintech charters may be looked at more closely.

Chime, one of the largest digital banking startups in the U.S., has agreed to stop conflating its offerings with those offered by banks in its marketing and advertising messages, per a March settlement agreement with California regulators.

Despite some components of a privacy class-action lawsuit against Plaid being thrown out last week, some key claims will move forward, forcing the company to defend its data-aggregation practices.

Treasury Secretary Janet Yellen is reportedly about to appoint a former senior Federal Reserve official to the post of acting comptroller of the currency.

US Bank is rolling out a group of specialized products for special-purpose acquisition company sponsors covering trustee administration, investment, and disbursement services.

In the latest indication that the mainstream finance world and crypto ecosystem are coming together, cryptocurrency exchange Binance.US has tapped former banking regulator Brian Brooks as its new CEO, effective May 1.

Rep. Maxine Waters (D-California), who is chairwoman of the House Financial Services Committee, raised concerns over banking charters for fintech and crypto companies at a subcommittee hearing on the topic this week.

Beam, a San Francisco-based savings app which launched in 2019, has been shut down as a result of a tentative settlement with the Federal Trade Commission (FTC).

Early this year, it seemed all but certain that the Biden administration would nominate Obama-era Treasury official Michael Barr to lead the Office of the Comptroller of the Currency (OCC).

Green Check Verified, a company that offers cannabis banking software and service solutions, today launched a suite of account monitoring and compliance tools to enable institutions to meet regulatory requirements more efficiently.

In an apparent move to secure a bank charter as soon as possible fintech SoFi acquired California’s Golden Pacific Bancorp for $22.3M. SoFi offers banking, lending, and investing products.

The Federal Deposit Insurance Corporation (FDIC) has appointed fintech executive Sultan Meghji as its first-ever chief innovation officer.

While brokerage platforms have lifted prior limits on trading of GameStop, AMC Entertainment and other shorted stocks, regulators are examining the fallout from recent events.

On Monday, July 19, Treasury Secretary Janet Yellen, convened the President’s Working Group on Financial Markets (PWG).

Ant Group (formerly Ant Financial), which owns payment platform Alipay and operates a loan marketplace, plans to roll out a series of reforms in response to concerns from Chinese regulators.