Home      Login


Banks and their Fintech Partners: Who Will Regulators Hold Accountable?  


Author:  Stephen T. Middlebrook.


Source: Volume 34, Number 08, August 2018 , pp.97-100(4)




Review of Banking & Financial Services

< previous article |next article > |return to table of contents

Abstract: 

The author discusses recent enforcement actions involving banks and their Fintech partners. He finds that regulators have exercised discretion as to whom to charge based on a variety of factors, have apportioned civil money penalties among the parties, and have used the amorphous UDAAP as a basis for charges.

Keywords: CFPB Enforcement Actions; In re UniRush LLC; In re Bank of Lake Mills; In re Conduent Business Services, LLC

Affiliations:  1: Womble Bond Dickinson (US) LLP.

Subscribers click here to open full text in PDF.
Non-subscribers click here to purchase this article. $59

< previous article |next article > |return to table of contents