![CFPB-WP-Blog-Image[30]](https://blog.srmcorp.com/hs-fs/hubfs/CFPB-WP-Blog-Image%5B30%5D.png?width=829&height=475&name=CFPB-WP-Blog-Image%5B30%5D.png)
Shifts in the regulatory landscape carry significant impacts on banks, credit unions, and the fintech companies that are part of a growing ecosystem. The most-active agency in recent months has been the Consumer Financial Protection Bureau (CFPB). There's little reason to expect the CFPB to slow its pace in 2023, aggressively enforcing existing rules and angling to expand its jurisdiction.
Topics: Open Banking, Fintech, Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, BaaS, CFPB
![OCC-Order-Blog-Image[52]](https://blog.srmcorp.com/hs-fs/hubfs/OCC-Order-Blog-Image%5B52%5D.png?width=1600&name=OCC-Order-Blog-Image%5B52%5D.png)
Banks and credit unions have a new roadmap for handling fintech partnerships.
The Office of the Comptroller of the Currency (OCC) just issued a written agreement to Blue Ridge Bankshares instructing the Charlottesville, Va., company to improve how it pursues and monitors fintech relationships.
The agreement comes months after the OCC raised issues with Blue Ridge’s ($2.8 billion-asset) proposed merger with FVCBankcorp (the deal was ultimately terminated). While the specific issue was never disclosed, there was speculation it had to do with Blue Ridge’s fintech dealings.
Topics: Payments, Fintech, Vendor Contract, BaaS, Regulators, BSA
![Community-Banking-Blog[67]](https://blog.srmcorp.com/hs-fs/hubfs/Community-Banking-Blog%5B67%5D.png?width=1598&name=Community-Banking-Blog%5B67%5D.png)
Fintech is helping a growing number of banks and credit unions reconfigure the communities they serve.
Historically, financial institutions have focused on clients based on geography, be that a neighborhood or city for banks or a local company or industry for credit union membership. Over time, those boundaries became more fluid as banks entered new markets and credit unions expanded their fields of membership.
Topics: Fintech, Vendor Contract Negotiation, Cryptocurrency, Bank Vendor Management, Credit Union Vendor Management, Segmentation, Banking-as-a-Service, BaaS
