Attorney Published Article
Developments in Fintech: The CFPB Product Sandbox and No-Action Letter Policy, State Sandboxes, and Federal Actions
Financial technology services companies have continued to innovate, and regulatory agencies have continued to react to their innovations. During the past year, the Consumer Financial Protection Bureau issued a formal proposal relating to its revised policy on no-action letters and its financial service product sandbox. State legislatures also continue to enact similar regulatory sandboxes.
Robert Savoie (Cleveland) and Sarah Edwards (New Orleans) co-authored an article on recent developments in FinTech, including the CFPB product sandbox and no-action letter policy, state sandboxes, and federal actions in the ABA Business Law Section’s The Business Lawyer, Volume 75, Issue 2, Spring 2020.