-
Utah bank is expected to launch next year; banks want to hold off regulations that would hamper efforts to keep money flowing during virus crisis.March 19
-
In signing off on deposit insurance for the payments giant and student loan servicer, the FDIC sanctioned the first new industrial loan companies in over a decade.March 18
-
Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.March 18
Adjunct ProfessorGeorgetown University Law Center
-
On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies.March 17
-
A decision by regulators on how to move forward with the controversial charter could have broad implications for fintech firms that want to enter the banking system.March 11
-
The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.November 22
-
A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be "better the devil you know than the devil you don’t."November 22
Senior FellowColumbia University
-
The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.October 24
-
Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.August 18
-
The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.August 14
