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ARTICLE · 09 AUGUST 2024

Banking Regulators' Request For Information On Bank-Fintech Arrangements

Hogan Lovells Cadwalader
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On July 25, 2024, the Fed, the OCC and the FDIC (the "Banking Regulators") released a "Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers.

United StatesTechnology
Mercedes Kelley Tunstall
Mercedes Kelley Tunstall
Christopher Horn
Christopher Horn
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On July 25, 2024, the Fed, the OCC and the FDIC (the "Banking Regulators") released a "Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses" (the "RFI"). The RFI was published in the Federal Register on July 31, 2025. The Banking Regulators also issued a joint statement on the RFI.

Responses to the RFI must be received on or before September 30, 2024.

The RFI states that the Banking Regulators "support responsible innovation and banks pursuing bank-fintech arrangements in a manner consistent with safe and sound banking practices, and with applicable laws and regulations..." and that "Bank-fintech arrangements can provide benefits." But . . . "supervisory experience has highlighted a range of potential risks with these bank-fintech arrangements."

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