US regulator seeks info on banks’ relationships with fintech firms
The Federal Deposit Insurance Corporation (FDIC) and two other major US banking regulators are seeking more information about the relationship between banks and financial technology companies. The FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency are requesting detailed information on these arrangements, including those related to deposit, payment, and loan products and services. In a joint statement on Thursday, these regulatory agencies stated that officials hope to receive input from the industry and the public on the "nature and impact of bank and fintech arrangements and effective risk management practices."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Martingale bot upgraded–simpler setup, more flexible features
Stock Futures Rush (phase 9): Trade popular stock futures and share $240,000 in equivalent tokenized shares. Each user can get up to $5000 META.
CandyBomb x POWER: Trade to share 4,387,500 POWER
New users get a 100 USDT margin gift—Trade to earn up to 1888 USDT!
