ABA Welcomes OCC’s Principles for ‘Responsible Innovation’
ABA today applauded the OCC for its white paper outlining principles for how the agency will support innovation in the financial system.
Browsing: Nonbanks
Nichols Makes the Case for Responsible Fintech Regulation
A responsibly regulated fintech industry is essential for ensuring consumer protection and allowing for greater cooperation between banks and alternative financial service providers, ABA President and CEO Rob Nichols said in an op-ed in American Banker today.
Nichols Talks Reg Relief, Millennial Engagement, Industry Unity
Incoming ABA CEO Rob Nichols discussed his plans to fight for regulatory relief, unite banks of all sizes and engage millennials in a recent interview with The Hill.
Nonbank Lenders are Growing in Popularity and Capability
According to a recent article published in the September issue of the Scotsman Guide, nonbank lenders are growing in popularity, making them more competitive against traditional bank lenders.
Fed’s Brainard Examines Alternative Small Business Lending
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.
Treasury Looking Into Online ‘Marketplace Lending’
With nonbank online “marketplace lending” growing dramatically — originating $12 billion in new loans in 2014, mostly to consumers but also to businesses — the Treasury Department yesterday launched an inquiry into the sector.
USPS Watchdog Says Postal Banking Could Be ‘Extremely Popular’
The U.S. Postal Service’s inspector general yesterday released a report offering examples of how USPS could expand its financial services offerings and arguing that these services “could be extremely popular.”