May 10, 2016
Authored by: Bryan Cave
Atlanta Partner Jonathan Hightower authored a BankThink piece in the American Banker on May 9, 2016 titled “Don’t Ignore This FDIC ‘Request for Comment.’” The discusses FDIC Financial Institution Letter FIL-32-2016, which asks for comment on the agency’s plan to explore the economic inclusion potential of mobile financial services.
Jonathan notes “banks’ focus on mobile products not only provides innovative benefits to underserved consumers who may lack branch access, but in light of regulators’ interest in the potential for mobile technology to expand economic inclusion, this focus may also help institutions overcome regulatory and community-based challenges to mergers.”
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