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Insights / articles

Attorney Published Article

Developments in Fintech: The CFPB Product Sandbox and No-Action Letter Policy, State Sandboxes, and Federal Actions

Read Time: 1 min

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.

View the full article here.

Insights

Attorney Presentation

AI & Tech in Consumer Finance

October 7, 2020

Kelly Lipinski (Cleveland) led a roundtable discussion on AI & Tech in Consumer Finance during the American Financial Services Association (AFSA) 2020 Annual Meeting & Independents Conference & Expo October 6-8, 2020.

McGlinchey in the News

A disruptive vision: Varo is officially a bank

July 31, 2020

Member Robert Savoie is quoted in “A disruptive vision: Varo is officially a bank” in Bank Innovation. The article details how Varo recently became the first fintech to gain a national bank charter without acquiring a bank.