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ARTICLE · 13 APRIL 2016

Developments In FinTech

Morrison Foerster
Morrison Foerster
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Morrison Foerster

Morrison Foerster

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March 31, 2016, the OCC released a white paper on financial technology innovation, which lays out a preliminary framework for "responsible innovation."

United StatesTechnology
Carlos E. Juarez
Carlos E. Juarez
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We invite you to read our latest alerts relating to FinTech:

OCC Announces Preliminary Framework on FinTech and Responsible Innovation. On March 31, 2016, the OCC released a white paper on financial technology innovation, which lays out a preliminary framework for "responsible innovation." The White Paper articulates principles the OCC will follow when evaluating innovative products, services, and processes that require regulatory approval and identifying potential risks associated with them. The White Paper also represents the OCC's commitment to improving its own understanding of new technology and to improving collaboration with the Consumer Financial Protection Bureau and other banking regulators to develop a consistent supervisory approach in this space. Click here to read our client alert.

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