Regulating FinTech
for a Safer
Financial System.
The FTFRB is an independent group responsible for overseeing the intersection of financial technology and regulatory compliance — ensuring innovation does not outpace protection.
The Board released a notice of proposed rulemaking establishing minimum custody and segregation requirements for digital asset intermediaries holding customer funds.
Following a multi-year investigation, the Board issued a final order requiring restitution of $48.2 million to harmed consumers and permanent prohibition from regulated activities.
The Office of Research published its annual assessment of systemic risk within the financial technology sector, highlighting concentration risk in payment stablecoins and AI credit underwriting.
Staff released an interpretive letter addressing how existing Equal Credit Opportunity Act obligations apply to firms using algorithmic models in credit underwriting and adverse action decisions.