-
Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition.
June 3
CCG Catalyst -
Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.
March 23
Georgetown University Law Center -
The company's plan had drawn strong criticism from bankers about Rakuten's potentially controlling an industrial loan company while engaging in its nonfinancial businesses.
March 23
-
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 18Georgetown University Law Center -
Most states have some kind of pricing limit on consumer loans. But proposals for a national usury law divide even Democrats, some of whom are concerned about restricting credit.
March 5
-
LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
March 3
-
LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
February 20 -
Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.
February 11
-
The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.
February 10
