From Around the USA
Column: Virginia should adopt a regulatory sandbox | by Ryan Lanier, The Richmond Times-Dispatch, Feb. 3, 2023
Husch Blackwell LLP | Jan 5, 2023
The National Law Review | October 19, 2021
Newspaper article on WV sandbox law
Risks and rewards weighed in state's fintech sandbox development | by Clint Thomas, Daily Mail WV, Aug 20, 2021
North Carolina’s Regulatory Sandbox Act of 2021
JDSUPRA, July 20, 2021
FL, WV join AZ, NV, UT, WY with IL, NC in the works
States entice fintechs by giving them freedom to experiment | By Miriam Cross, American Banker, August 26, 2020 [Paywalled]
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.
Utah is the third state to introduce a regulatory sandbox program after Arizona and Wyoming.
According to the sponsor, Senator Kieckhefer, SB161 was modeled after Arizona's FinTech sandbox.
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
A letter to CEI and MIJ from the OAG | July 19, 2023 in response to our letter from CEI and MIJ to the OAG | February 23, 2023 re: "Re: Public Records Requests OAG and DIFI" indicates a greater level of transparency to come.
By Sophie Quinton / Stateline | AZ Mirror - June 16, 2021
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
Arizona Regulatory Sandbox Program **updated 10/2023**
Title Lenders and Consumer Lenders Should Play by the Same Rules in AZ ** updated 01/2022**
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
GiveCorporation Inc., March 3, 2023 "Software providing merchant services and more with innovative state-of-the-art fraud detection."
Yield Park, LLC, March 23, 2022
"Cash management tool utilizing digital dollar custodians and decentralized finance protocols."
Sweetbridge, Oct 29, 2018 | admitted as a Car Title Lender
Grain Technology, Inc., Oct 29, 2018 | admitted as a Consumer Lender
Align Income Share Funding, Inc, Mar 20, 2019
Enian, Ltd., May 8, 2019
Zona Digital Commodity, LLC (d/b/a "Alta"), Jul 11, 2019 | a Money Transmitter
MO Technologies USA LLC, Feb 14, 2020
Valley of the Sun Mint, LLC d/b/a Satoshiware, March 4, 2022