On October 15, 2021, North Carolina Governor Roy Cooper signed the North Carolina Regulatory Sandbox Act of 2021 into law. North Carolina is the 10th state to launch a regulatory sandbox for innovative FinTech or InsurTech offerings.
The rapid development of new technology impacts every industry, but regulators are paying significant attention to the current disruption of the financial services and FinTech industry..
A deal that would create a bank with more than $100 billion in assets has now been delayed, as the two parties await approval from the Federal Reserve.