TFU | Apr. 29 – May 5

A federal judge ruled that the DFS can move forward with its lawsuit against the OCC’s proposed fintech charter; the CFTC believes that more companies will apply to become clearinghouses due to growing interest in cryptocurrencies; IBM partnered with Thomson Reuters on a AI-backed regtech product; Facebook is working with large financial institutions to support its reportedly forthcoming stablecoin; and the Boston Fed produced a whitepaper on creating “supervisory nodes” on a blockchain.

TFU | Apr. 8-14

Manny Alvarez was appointed Commissioner of the California Department of Business Oversight; lawmakers introduced a proposed bill to regulate companies’ use of AI tools; Coinbase launched a debit card in the U.K. tied to users’ cryptocurrency accounts; WeLab became the fourth company to acquire an online-only banking license in Hong Kong; U.K. challenger bank Monzo raised $100M in Series F funding; and N26 faced regulatory scrutiny from German regulators over its handling of customer complaints.

TFU | Mar. 4-10

Federal authorities arrested the leaders of OneCoin on charges including money laundering and securities fraud; Congress held hearings on whether and how to create a federal privacy law; the Bank of England plans to take supervisory action against Visa for a 2018 European data center outage; Philadelphia became the first major U.S. city to ban cashless stores; Ant Financial unveiled a new banking platform; and MasterCard dropped its bid to acquire Earthport.

TFU | Feb. 18-24

Thirty-seven community groups called on the FDIC to reject Square’s ILC application; Apple and Goldman Sachs announced their plans to jointly release an iPhone-based credit card; Mizuho clinched support of AliPay and UnionPay for the rollout of its new digital currency platform; Mastercard is working with a domestic partner on a JV to enter the Chinese payments market; the government of Seoul, South Korea set up a $1B investment fund for fintech and blockchain startups; and SoFi is expanding its business lines to include investment services and new types of loans.

TFU | Feb. 4-10

Wells Fargo experienced widespread online and mobile banking outages; Facebook acqui-hired key members of a British blockchain firm to advance its blockchain efforts; fintech firm Pagaya announced its AI platform will actively manage $100M in asset-backed securities; controversial crypto evangelist Brock Pierce wants to reboot infamous Japanese crypto exchange Mt. Gox; and SEC Commissioner Robert Jackson said he believes a bitcoin ETF will eventually be approved.

TFU | Jan. 21-27

Kik is expected to challenge the SEC over an ICO enforcement action; Coinbase rolled out crypto institutional services in Asia; Alipay was granted an EU e-money license; Bitcoin ATM startups reported growth; the EU and Japan finalized a data flow agreement; and IBM landed a $260m IT infrastructure deal with the Bank of the Philippine Islands.