Preserving singleness of money as stablecoins are introduced are just one of the challenges UK regulators will face in ongoing regulation.
Congressman Patrick McHenry and Congressman Jeb Hensarling have both released comments supporting President Donald Trump's executive order on Dodd-Frank; the executive order on Dodd-Frank signed on Friday outlines core principles for regulating the United States financial system and asks the Treasury secretary and regulators to come up with a plan for replacing Dodd-Frank; Congressman Jeb Hensarling has proposed the Financial Choice Act to overhaul Dodd-Frank; if new policies are enacted it would ease lending requirements for banks making credit more available for consumers and small businesses from mainstream financial institutions. Source
A report from LexisNexis Risk Solutions finds that financial institutions prioritize transparency and inclusion but face challenges.
Last week, Alex Brill, a fellow at the American Enterprise Institute (AEI) published a report detailing the regulatory challenges that have...
A comprehensive 380-page document was released that explained the policy and future legislation.
As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.
In an interview with CNBC, Ning Tang, CEO of CreditEase, provides insight on the China Banking Regulatory Commission’s regulation for China’s P2P lending industry; says the regulation will have positive long-term affects; focuses on the requirement of P2P lenders to work with banks as a custodian and says CreditEase has complied with this requirement for many years. Source
A group of House Republicans has sent a letter to Comptroller Thomas Curry requesting his agency slowdown its plans for a fintech charter; the letter was signed by House Financial Services Committee Chairman Jeb Hensarling and 33 other House Republicans; it primarily suggests that stakeholders are not receiving an appropriate amount of time to comment on the full details of the fintech charter and that there is potential for the fintech charter to be overturned by Congress. Source
Secretary of Treasury Janet Yellen spoke at American University about the government's role in creating cryptocurrencies or CBDCs.
Their website mentions names such as 'digital sterling' or 'Britcoin' and emphasizes the difference between CBCDs and cryptocurrencies.