Arizona's Fintech Regulatory Sandbox

From Around the USA

 

Indiana

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

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.

See blog post dated 6/11/209

 

Nevada

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.

 

Wyoming

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.

See Blog post dated 6/6/2019

 

Texas

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

 

Illinois

From the Heartland Alliance & the Illinois Asset Building Group

 

Is New Really New?

Financial Technology & its Impact on Low-Income Families

 

Analysis Framework for Sandbox Proposals

 

Arizona's Regulatory Sandbox In The News

 

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

 

Are fintech sandboxes a consumer protection desert?

Lauren Saunders, Opinion Contributor | The Hill | November 29, 2018

 

Arizona sandbox gives fintech start-ups a regulatory path to US

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

 

Arizonans are unwitting subjects of state’s tech experiment

Tim Steller, Arizona Daily Star | March 31, 2018

 

 

Arizona Sandbox Participants