A Government Accountability Office study published today examines four “subsectors” within the fintech industry, highlighting the types of products and services offered and how they are regulated.
Browsing: marketplace lending
Speaking to a conference of marketplace lenders, Comptroller of the Currency Thomas Curry today outlined features of a possible “fintech charter” for nonbank financial technology firms, which the OCC is considering whether to grant.
An overwhelming majority — 87.5 percent — of small business owners say they’re investing more in their business in this year than in 2015, and most are borrowing funds in order to do so, according to a study published today by fintech company BizFi.
Three approaches for banks working with marketplace lenders to enhance loan offerings.
In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.
Three top nonbank fintech marketplace lenders originated nearly $12 billion in loans in 2015, up from less than half a billion in 2011.
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive less direct oversight, the Treasury Department said today in its long-awaited report on the marketplace lending industry.
The lead story in the winter 2015 issue of the FDIC’s Supervisory Insights publication focuses on how banks can enhance their information security programs to address evolving cybersecurity threats and gives an overview of the regulatory response to the recent rise in cybercrime.
ABA, through its Corporation for American Banking subsidiary, has endorsed BizEquity’s Banker Office, a business valuation platform and performance service.
Federal Reserve Governor Lael Brainard joined Janet Yellen at the Community Banking Research and Policy Conference with a speech on community bank lending to small businesses and the rise of online nonbank alternatives.