Interagency Issuances on Bank-Fintech Partnerships Highlights Risks, Opportunities, Importance of Industry Participant Engagement

Interagency Issuances on Bank-Fintech Partnerships Highlights Risks, Opportunities, Importance of Industry Participant Engagement

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Counseling clients on challenging banking and financial services issues and complex consumer financial services rules and regulations.
WilmerHale has played a leading role in shaping the rules that govern the US financial services industry.

The recent bank regulatory Joint Statement and request for information on third-party deposit relationships and bank-fintech partnerships emphasize afresh regulators’ long-standing concern with financial institutions’ management of third-party relationships, albeit with a new level of intensity that reflects rapid changes in the provision of financial services.

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