The Federal Deposit Insurance Corporation (FDIC) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). “This proposal would ensure that parent companies serve as a source of strength for their...
March 18, 2020
The Federal Deposit Insurance Corporation (FDIC) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). “This proposal would ensure that parent companies serve as a source of strength for their industrial bank subsidiaries,” said FDIC Chairman Jelena McWilliams. “By codifying […]
