TFU | Aug. 6-12

State groups are not pleased about the OCC’s decision to accept bank charter applications from fintech firms; IBM and Maersk are partnering on a blockchain-based global supply chain management platform; the NYDFS will begin enforcing new cybersecurity regulations next month; the U.K. FCA established a Global Financial Innovation Network; and China’s Bitmain is on track to become the first blockchain-focused company with $10B in annual revenue.

TFU | July 30 – Aug 5

The OCC will begin accepting national bank charter applications from fintechs; the U.S. Treasury released a wide-ranging fintech report; the WSJ found massive manipulation of cryptocurrency markets; IBM and CLS are building a blockchain “app store”; and TechCrunch profiled P2P lending in China.

TFU | Apr. 30 – May 6

A federal judge dismissed the CSBS claim against the OCC regarding its proposed “fintech charter”; The FTC sued LendingClub for alleged deceptive practices; GreenSky filed for an IPO; and The New Yorker looks at efforts to revise the Computer Fraud and Abuse Act.

TFU | May 13-19, 2017

The NYDFS sued the OCC over its proposed “fintech charter,” while the CSBS announced a new initiative to “modernize” state regulation of fintech firms; the CFTC created an internal fintech lab to engage with new products and innovators; SoFi is expanding into the wealth management market; the DTCC produced a new white paper on cloud-based financial markets infrastructure; and IBM is working to build “the world’s first securities lending blockchain platform.”

TFU | May 6-12, 2017

SoFi intends to apply for an industrial loan company (ILC) charter in June, which, if successful, would make it the first new ILC in over 10 years; Chinese mobile payment giant Alipay partnered with First Data to enter the U.S. market; Citi invested in DLT firm Axoni; and The Economist looks at how data has become “the world’s most valuable resource,” and what that means for those regulating it.

TFU | April 22-28, 2017

The Conference of State Bank Supervisors filed suit against the OCC over the agency’s proposal to issue special-purpose banking licenses to fintech firms; Recode reports on Apple’s rumored launch of an iPhone-to-iPhone digital money-transfer service to rival Paypal’s Venmo; Stock trading app Robinhood raised $110 million, valuing the firm at over $1 billion; the WSJ writes on the rise of financial mapmaking and advanced network analytics that provides financial firms and regulators new tools to spot crises; and House Financial Services Vice Chairman Patrick McHenry opines on the CFPB’s Project Catalyst.