US regulators seek information on banks' relationships with fintech companies
2024-07-25 22:00:36
The Federal Deposit Insurance Corporation (FDIC) and two other major US banking regulators want more information about the relationship between banks and fintech companies. The FDIC, the Federal Reserve and the Office of the Comptroller of the Currency have asked for details about the arrangements, including those related to deposit, payments and lending products and services. Officials are seeking input from industry and the public on "the nature and impact of the arrangements between banks and fintech companies and effective risk management practices," the regulators said in a joint statement on Thursday.
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