Post Tagged with: "ABA"

ABA Aims to Throw a Regulatory Blanket on Fintech

ABA Aims to Throw a Regulatory Blanket on Fintech

by October 8, 2015 at 10:26 am 0 comments

The American Bankers Association today called for more regulation of financial startups. In an interview on CNBC this morning, Rob Nichols, the new president and chief executive of the ABA, said there needs to be “a level playing field” between banks and fintech companies, and that more regulation of those fintechRead More

Mobile Banking’s Boom in Danger as Security, Regs Risks Loom

Mobile Banking’s Boom in Danger as Security, Regs Risks Loom

by September 12, 2014 at 3:20 pm 1 comment

In a sense, things have never looked brighter for mobile banking. Apple’s announcement of Apple Pay is a huge step forward for mobile payments at the point of sale. But problems threaten.

Why IT Needs to Be Part of the Regulatory Compliance Debate

Why IT Needs to Be Part of the Regulatory Compliance Debate

by August 22, 2014 at 10:42 am 0 comments

The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.

Lendio Shines at ABA’s Financial Technology Showcase

Lendio Shines at ABA’s Financial Technology Showcase

by October 22, 2013 at 10:10 am 1 comment

Lendio made the most of fintech’s brief moment in the sun Monday at the ABA annual convention in New Orleans. Steve Kinneally of the ABA introduced the speakers at the session, dubbed the Innovation Station. Presenters gave Finovate-style presentations, down to the seven-minute time limit (and buzzer for those who breakRead More

CFPB’s Richard Cordray Tells Bankers to Push for Financial Education

CFPB’s Richard Cordray Tells Bankers to Push for Financial Education

by October 21, 2013 at 11:32 am 2 comments

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), told bankers at the American Bankers Association’s annual convention today to push for financial education for young people at the state level in order to bring up a new generation of responsible borrowers. “Anything you say,” Cordray told the roomRead More