McWilliams Highlights Potential Risks as Banking Services Migrate Outside Regulated Entities
As technology and innovation lead to more financial products and services migrating outside the regulated banking sector, regulators must be ...
Tag: Online marketplace lending
Fed Survey: Small Biz Performance, Loan Applications Tick Down
Small business performance and financing success rates dipped slightly in 2016, according to the latest Small Business Credit Survey released ...
Survey: Small Biz Investment on the Rise in 2016
An overwhelming majority -- 87.5 percent -- of small business owners say they’re investing more in their business in this ...
Bipartisan House Letter Cautions Treasury on Business Lending
Business lending is fundamentally different from consumer lending, and regulations should not treat them similarly, a bipartisan group of 20 ...
WSJ Report: CFPB Expected to Supervise Online Nonbank Lenders
The Consumer Financial Protection Bureau is expected to propose a rule allowing it to supervise online marketplace lenders, according to ...
CFPB: Online Payday Loans Can Lead to Unanticipated Overdraft Fees
Repeated attempts by online payday lenders to collect payments via direct debit can lead to unanticipated consequences for consumers’ bank ...
Boston Fed President Highlights Cyber Risks, Fintech
It is unclear whether nonbank financial technology firms have fully captured the risks of economic downturns and cybersecurity breaches into ...
CFPB Accepting Consumer Complaints for Marketplace Lenders
The CFPB announced today that it is now accepting consumer complaints about loans from online marketplace lenders.
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