Fintech Law TLDR: Bank<>Fintech Guidance

Third Party Risk Mgmt Breakdown w/ Jonah Crane

Hi all 👋

Last month, the OCC, FDIC, and Fed released their final interagency guidance on third party risk management. In short, this guidance lays out how banks should think about and handle their fintech partners, so it’s a cornerstone of the fintech regulatory environment.

I wanted to do a newsletter deep dive on the release…but then I realized it would be much more fun to record a Fintech Layer Cake podcast episode on it with Jonah Crane, partner at the Klaros Group!

Jonah and I chat about:

• The historical context of the release

• The main principles and themes

• What’s “new” in the guidance

• Practical takeaways for fintech companies

• And much more!

The new guidance is crucial for every fintech company and bank sponsor to know, so head on over to Spotify, Apple Podcasts, or wherever you listen to podcasts and give it a listen!

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Hi! I’m Reggie. I’m a fintech product lawyer at Lithic and host of the Fintech Layer Cake podcast. 

Reach out (email or Twitter) if you’re interested in sponsoring the newsletter, want to connect with good + practical fintech counsel, want to collaborate, or just want to say hey!

Any views expressed are my own (well, sort of? I mean, they’re based on laws and regulations, so they’re not really “mine”?). Nothing here is legal or financial advice. If you need me to tell you not to get legal advice from Substack, you probably shouldn’t be on the internet?