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
Post Tagged with: "ABA"
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.
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 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
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