Treasury Department Finally Gets To The "Deal With FinTech" Item On Its To-Do List

The Feds are like almost ready to be ready to regulate Fintech.
Author:
Updated:
Original:

In a signal that FinTech entrepreneurs really aren't just going to police themselves, the United States Treasury Department seems poised to actually involve itself in the operations of a business sector that is currently handling billions of American dollars.

StoogesCops

The Treasury Department's Office of the Comptroller of the Currency is considering new regulations for banks and fintech companies, in light of how digital disruption is changing the financial services industry.

Haha. Not so fast, tech bro villains! You're not gonna catch these G-Men napping!

The agency has set a deadline of May 31 for comments before it moves forward in developing a framework to update financial technology regulations. Now, as funding for companies developing mobile technology and displacing banks has hit another new peak, the implications of the OCC's announcement will reach from Wall Street to Silicon Valley.

That's right Bitcoin pirates, you've only got a matter of months before the US Treasury Department begins to start to formulate a way to get a real handle on what it is you're up to exactly.

Justice is coming!...Eventually.

Fintech regs get second look at Treasury [CNBC]

Related

Clendening.Schwab

Fintech Startup Now Old Enough To Hire Schwab Executives

It's the hot new Normcore trend in Fintech.

Barclays Goes Shopping Like A Kardashian At NYC Fintech DemoDay

Umm, Barclays liked Bitcoin before it was cool.

The Winkelvii's Bitcoin Exchange Idea Moves One Step Closer To Being Stolen, Copied And Improved

They're 6-5, 220 and there are two of them, so stay the f*ck away from their blockchain.

JackDorsey.AzealiaBanks

Jack Dorsey Has Two Jobs And One Hip-Hop Star Promising To Ruin His Life With Bad Magic

Well, this is definitely today's most entertaining Fintech story.

WSJ: Fintech Stocks Suck As Bad As Bank Stocks Right Now

Even Bri-Mo is looking at the FIntech bros and saying "Tough week, homies."