FinTech analysis documents
| Tracking # |
FFIEC-023-004 |
| Submitted | May 9, 2023 |
| Est. Completion | None |
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Communications
From: Gabriel Garcia
To Whom It May Concern:
Pursuant to the Freedom of Information Act, I hereby request the following records:
Any research reports or analysis documents produced by or in the possession of the Federal Financial Institutions Examination Council (FFIEC) related to developments in financial technology (FinTech) within the financial sector. Specifically, I am interested in reports that discuss the implications of FinTech for the safety and soundness of financial institutions, regulatory compliance, and potential risks to consumers and the financial system.
If my request is denied in whole or in part, please justify all deletions by reference to specific exemptions under the FOIA. I expect the release of all segregable portions of otherwise exempt material. I reserve the right to appeal your decision to withhold any information.
The requested documents will be made available to the general public, and this request is not being made for commercial purposes.
In the event that there are fees, I would be grateful if you would inform me of the total charges in advance of fulfilling my request. I would prefer the request filled electronically, by e-mail attachment if available or CD-ROM if not.
Thank you in advance for your anticipated cooperation in this matter. I look forward to receiving your response to this request within 20 business days, as the statute requires.
Sincerely,
Gabriel Garcia
From: Federal Financial Institutions Examinations Council
"Gabriel Garcia
MuckRock News
DEPT MR 145503
263 Huntington Avenue
Boston, MA 02115
Email: requests@muckrock.com
FFIEC FOIA Log No. FFIEC-023-004
Hello Gabriel Garcia,
This is a response to the inquiry you submitted to the Federal Financial Institutions Examination Council (FFIEC) on Tuesday, May 9, 2023, pursuant to the provisions of the Freedom of Information Act (“FOIA”), 5 U.S.C. § 552. In your email you make this request:
Any research reports or analysis documents produced by or in the possession of the Federal Financial Institutions Examination Council (FFIEC) related to developments in financial technology (FinTech) within the financial sector. Specifically, I am interested in reports that discuss the implications of FinTech for the safety and soundness of financial institutions, regulatory compliance, and potential risks to consumers and the financial system.
Your FOIA request has been assigned a tracking number: FFIEC-023-004, please use this number to reference your request in the future.
Your submission fails to reasonably describe with specificity the records you are seeking; therefore, we are returning it to you for clarification of the date range for the records you seek.
The FOIA provides that federal agencies make their records promptly available to any person who makes a proper request for them. 5 U.S.C. § 552(a)(3)(A). However, an access request must “reasonably describe[]” the records sought. Id.; See, e.g., Marks v. DOJ, 578 F.2d 261 (9th Cir. 1978) (noting “broad, sweeping requests lacking specificity are not permissible” under the FOIA); Lamb v. IRS, 871 F. Supp. 301, 304 (E.D. Mich. 1994) (requests are outside scope of FOIA when they require legal research, are unspecific, or seek answers to interrogatories).
For further information about filing a FOIA request with the FFIEC please review the FOIA regulation and related pertinent information on the FFIEC website (https://www.ffiec.gov/foia.htm).
We look forward to receipt of your resubmission with more specificity so that we can process your request under the FOIA.
In my role as the FFIEC FOIA Public Liaison, please let me know if you have any questions (by email at rpiccirilli@fdic.gov, or by phone at 703.516.5591). Thank you!
Cordially,
Rosanna
___________________________
Rosanna Piccirilli
Special Assistant to the Executive Secretary
Office of the Executive Secretary, FFIEC
rpiccirilli@fdic.gov
www.ffiec.gov
703.516.5591 (o)
ATTENTION: This message is intended for the designated recipients only. If you have received this message in error, please immediately delete the original and all associated copies and notify the sender or contact the FFIEC via our contact page at http://www.ffiec.gov/contact/default.aspx . Federal law prohibits the use, disclosure, or other sharing of this information. Thank you for your cooperation."
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