From Around the USA
Will Income-Share Agreements Be the Next Payday Loans? | The American Prospect, July 2, 2019
Note that the Arizona Attorney General has admitted Align Income Share Funding, Inc. to the Sandbox to make consumer loans without being required to comply with the consumer protections of the Consumer Lending law.
In On March 25, the Utah governor signed HB378 which creates a state regulatory sandbox program through the through the state’s Department of Commerce. The bill passed the House and Senate unanimously. Utah is the third state to introduce a regulatory sandbox program after Arizona and Wyoming.
On March 27, the Committee on Commerce and Labor of the Nevada Senate heard SB161, a bill to establish the "Regulatory Experimentation Program for Product Innovation" in the state. According to the sponsor, Senator Kieckhefer, SB161 was modeled after Arizona's FinTech sandbox.
On February 19, the Wyoming Governor signed HB0057, which creates a fintech sandbox program in the state. Wyoming is the second state to introduce a regulatory sandbox program after Arizona.
Senate Bill 860 filed on 2/15/2019 would create a regulatory sandbox in the office of the Texas Attorney General, modeled on Arizona's.
See Blog post dated 2/18/2019
From the Heartland Alliance & the Illinois Asset Building Group
Financial Technology & its Impact on Low-Income Families
Arizona's Regulatory Sandbox In The News
AG Press Release | October 24, 2019
"Joins Global Financial Innovation Network; Signs New Cooperation Agreement with Polish Financial Supervision Authority"
MIJ Letter to Governor Ducey re: "Request that Transparency and Public Oversight be an Affirmative Part of the Regulatory Sandbox Program" | June 28, 2019
CEI Letter to Governor Ducey with a request to Veto House Bill 2177 | Center for Economic Integrity, March 28, 2019
MIJ Letter to Governor Ducey with a Request to Veto House Bill 2177 | William E. Morris Institute for Justice, March 27, 2019
Ducey signs bill creating PropTech sandbox, AZBigMedia | AZ Business News, March 21, 2019
Have you heard of fintech? It can help with your finances, but beware of these risks, by Russ Wiles | Arizona Republic, March 17, 2019
FINTECH AND CONSUMER PROTECTION: A Snapshot, by Lauren Saunders | NCLC, March 2019
Comments submitted to the CFPB re: Policy on No-Action Letters and the Product Sandbox, feature an Overview of the Arizona Sandbox, Section 10.3.1, pp 48-52. February 11, 2019
Lauren Saunders, Opinion Contributor | The Hill | November 29, 2018
Jemima Kelly, Financial Times | November 11, 2018
Two more companies accepted into Arizona’s Fintech sandbox
Tim Gallen – Digital Editor, Phoenix Business Journal | November 1, 2018
Tim Steller, Arizona Daily Star | March 31, 2018
Attorney General's Office
Memorandum Of Understanding obtained via Public Records request, October 16, 2018. (A second Public Records request in October 2019 produced a copy of the MOU with the Polish Financial Supervision Authority, signed 08/15/2019, with identical wording to that of the MOU with Taiwan). On file with CEI.
Arizona Sandbox Participants