Europe considers heightened requirements for fintech firms; the SEC reveals that it was was hacked; a former SEC Chairman says SoFi’s recent scandals may cause problems for its ILC application; and what’s the Big Idea with mobile payments in Asia?
The OCC says it’s not ready for fintech applications; the CFPB approves its first no-action letter; Cagney steps down from SoFi amid scandal; China bans crypto exchanges; and what’s the Big Idea with open banking?
The Basel Committee publishes a new paper on fintech. Square applies for an ILC charter. And what’s the Big Idea with ICOs?