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
Ethereum Sees Largest Weekly Surge in Four Years

Pi Network Price Predictions Amid Unverified May 10 Event

PumpSwap TVL Surpasses $100M Amid Memecoin Surge

Lido Implement Dual Governance for Ethereum stETH Holders

Trending news
MoreCrypto prices
More








