CFPB, in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN). ACFIN is intended to enhance coordination among federal and state regulators to facilitate financial innovation.
ACFIN is intended to promote regulatory certainty for innovators and to keep pace with market innovations while helping to ensure they are free from fraud, discrimination, and deceptive practices. As a result of this partnership, ACFIN members will share information to facilitate coordination among the members and coordinate on innovation-related policies and programs. The members will meet at least once a year in an agreed-upon location and will confer via phone at least quarterly. CFPB also published the ACFIN Charter.
Keywords: Americas, US, Banking, ACFIN, Fintech, Financial Innovation, ACFIN Charter, CFPB
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APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
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EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
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ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS updated rules for new housing loans by banks and finance companies.
HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.