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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
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Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.
March 18
Georgetown 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
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LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
March 3
Columbia University -
LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.
February 20Columbia University -
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
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The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.
February 10
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Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.
February 7
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It’s not even a month into 2020 and some analysts are already predicting a record-setting year and mass adoption for bitcoin.
February 4
Polyient Labs -
The U.S. banking system risks being left behind by the European Union and the United Kingdom when it comes to open banking.
February 3
Regions Bank
