Jul 28, 2021
Banks and Fintechs may need to re-evaluate their relationships depending on what advice the regulators decide to give them. Looking to keep up with the times, on July 13 the federal bank regulatory agencies (FDIC, Federal Reserve, and OCC) requested public comment on proposed guidance designed to help banking organizations manage risks associated with third-party relationships such as Fintechs.
In this episode, we talk with Brian Tate, the IPA’s CEO, Grant Hannah, the government relations director, and Eli Rosenberg from Baird Holm, about what the changes might mean, how the industry can respond, and where this fits into the big picture of regulation.
You can find the proposed guidance here.