Consumer Financial Services Digest - January 19, 2017

2 min

FinTech Compliance Resources and Policy Perspectives

Fintech remains at the forefront of the agenda of many financial services companies, investors, and regulators. The potential to transform how financial services are delivered and to improve underlying processes like payments, platforms, investor opportunities and more, has made fintech one of the most heavily discussed topics in recent years. Balancing the potential for financial innovation with the need to make compliance sense of these new models is the challenge that is front and center in a new publication from the Federal Reserve Bank of Philadelphia. Also, in the closing days of the Obama administration the National Economic Council released a statement of principles as a policy framework for the fintech ecosystem. We take a look at both in this article.

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CFPB Continues to Build Case for Planned Debt Collection Rules

The CFPB continues to take strides toward new regulation of the debt collection industry. In advance of what will likely be a highly-contested proposed rule, on January 12, 2017, the Bureau released several debt collection-related documents, potentially aimed at building support for the upcoming regulations. These include a report on a national survey of consumer experiences with debt collectors, a white paper on consumer risks in online debt sales, and a compilation of stories illustrating consumers' experiences with debt collectors. Read on for more information.

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Consumer Financial Services Articles and Presentations

The Present and Future Role of State Attorneys General in Consumer Financial Services Regulation and Enforcement

The presentation materials and recording from our program, The Present and Future Role of State Attorneys General in Consumer Financial Services Regulation and Enforcement, are available. Listen to a recording of the program and view the corresponding slides, or download the presentation materials.


January 24, 2017 - Consumer Financial Services 2017 Outlook: Post-Inauguration Day Insights, a Venable Webinar and CLE Session

January 26, 2017 - The New Federal & State Debt Collection Enforcement Landscape, an ACA International-hosted webinar

February 7, 2017 - Navigating Debt Buying in A 'Regulatory by Enforcement' Environment During a Rulemaking at the 2017 DBA International Annual Conference