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Entering the U.S. Market: A Guide for FinTech Firms
Federal Reserve:
The Federal Reserve supervises federally
chartered banks. The Federal Reserve also
supervises bank holding companies and the U.S.
activities of foreign banking organizations.
PHONE: 202.452.3000
CONTACT PAGE: https://www.federalreserve.gov/apps/
contactus/feedback.aspx
INNOVATION ARM: None
Federal Trade Commission (FTC):
The FTC is, among other things, the principal
privacy regulator in the U.S. through its power
to prohibit "unfair or deceptive acts in or
affecting commerce" against inadequate and
misleading data practices. The FTC has also
been empowered to enforce numerous privacy
regulations.
PHONE: 202.326.2222
CONTACT PAGE: https://www.ftc.gov/contact
INNOVATION ARM: None
Financial Crimes Enforcement Network
(FinCEN): FinCEN is a bureau of the U.S.
Treasury Department that is responsible for the
oversight and registration of money services
businesses. Further, FinCEN is responsible for
the enforcement of BSA/AML/OFAC requirements
for such entities.
PHONE: 800.767.2825
EMAIL: FRC@fincen.gov
INNOVATION ARM: Innovation Hours Program
(https://www.fincen.gov/contact/fincen_
innovation_registration)
Financial Industry Regulatory Authority
(FINRA):
FINRA is a Congressionally authorized SRO that
is the principal regulator of broker-dealers. In
addition to registering with the SEC, a broker-
dealer applicant must become a member of
at least one SRO (typically FINRA, a national
securities exchange or both).
PHONE: 301.590.6500
CONTACT PAGE: https://tools.finra.org/cc_support/
INNOVATION ARM: Office of Financial Innovation
(https://www.finra.org/industry/fintech)
