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FinCEN issued a final rule extending BSA/AML, CIP, and beneficial ownership requirements to approximately 567 banks lacking federal functional regulators. The rule became effective November 16, 2020, ...

The Federal Reserve began requesting detailed disclosures from major US banks on their exposures to private credit funds between April 18-22, 2026. Bank lending to non-bank financial institutions has ...

The FDIC adopted more visible and prescriptive enforcement approaches against banks involved in bank-fintech partnerships in 2025, shifting from non-public supervisory actions to more public consequen...

...equires enhanced risk assessments and board-approved thresholds for fintech partnerships. This was part of a broader wave of regulatory actions targeting over 25% of FDIC-supervised BaaS banks in 2024...

U.S. federal regulators including the FDIC, OCC, and DOJ finalized updated bank merger review policies on September 17, 2024, increasing scrutiny for deals involving insured depository institutions. T...

...any had filed an application for a special purpose national bank charter. The OCC argued that CSBS lawsuits challenging its 2018 fintech charter policy were premature. This regulatory uncertainty cont...

The OCC's Special Purpose National Bank Charter for fintech companies remained on hold due to ongoing legal challenges from state regulators. The case was headed to the Second Circuit court. This unce...

In October 2024, the OCC, FDIC, and Federal Reserve received multiple comment letters on bank-fintech partnership risks. Submissions addressed supervision gaps, deposit-taking risks, and examination a...

The Conference of State Bank Supervisors (CSBS) and the OCC continued litigation over the OCC's authority to issue special purpose national bank (SPNB) charters to fintech companies. The OCC argued no...

... to a national charter in September 2022. The move came amid increased OCC scrutiny of partner bank-fintech relationships. The charter change has significant implications for regulatory oversight of B...

... including Robinhood, Square, and Upgrade, was required to collect customer data retroactively back to July 2020. The actions signal intensifying regulatory pressure on sponsor banks operating in the ...

...d chartering process in 2021 with a focus on fintech companies. The OCC recognized that chartering fintechs could prevent the growth of unregulated shadow banking systems. This regulatory posture shap...

...d the growing 'rent-a-charter' model where sponsor banks like WebBank, Celtic Bank, and Cross River Bank provide banking charters to fintech lenders. The analysis highlighted expanding regulatory and ...

...r lending compliance failures, and unsafe banking practices. The action heightened regulatory scrutiny on the bank-fintech partnership model. Cross River is one of a small number of banks serving as B...

...e Currency decided to grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal challenges from state banking regulator...

...y of fintechs engaged in lending or payments to obtain a national bank charter without being depository institutions. This legal battle had significant implications for the regulatory framework surrou...

...) scrutinizing bank-fintech arrangements, including BaaS and middleware platforms. The RFI specifically targets intermediate platform providers that connect banks to fintechs via APIs. Regulators seek...

A U.S. District Court in the Southern District of New York ruled that the OCC lacks authority under the National Bank Act to issue special purpose national bank charters to non-depository fintech comp...

The FDIC, OCC, and Federal Reserve jointly finalized guidance on third-party risk management, published June 6, 2023. The guidance directly impacts BaaS banks and their fintech partnerships by establi...

...idations. Published in the Federal Register on April 19, the proposal could complicate large bank deals including those involving BaaS sponsor banks. The revisions signal heightened regulatory scrutin...