Anew approach to the FCA and how they interact with fintech, focusing on fostering innovation, being intelligence-led, and preparing for the future.
Chinese regulators raided over 40 companies in China to investigate for illegal activities pertaining to the country's newly disseminated laws; investigators found property agents listing homes that owners had not agreed to sell and providing false information about properties; with a focus on real estate property investing, the investigators also found P2P lenders offering down payment loans after they were recently restricted by regulators. Source
The Madden saga has been plaguing the marketplace lending industry for years now. We have covered this issue on Lend...
The international group of regulators called the Global Financial Innovation Network (GFIN) has expanded to 29 countries and is inviting...
Colorado passed a law this week that could have a dramatic effect on the ability of fintech lenders to do business in the state.
The Office of the Comptroller of the Currency (OCC) has announced it will create an Innovation Office with staff in Washington, New York and San Francisco; the new Innovation Office is part of a broader framework for responsible innovation also released this week; the Innovation Office will provide a dedicated staff of government officials focused on innovation affecting federally chartered banks and the banking system; it will also seek to manage the OCC's framework for responsible innovation for banks and nonbanks. Source
Last week with little fanfare or media coverage a House subcommittee met to discuss crowdfunding. The purpose of the meeting...
Javier Milei's deregulation agenda raises hopes in the sector, with rental contracts settled in crypto. But the economy remains in dire shape.
In September, Comptroller of the Currency Thomas Curry discussed his proposal for fintech regulation which he said would likely include a fintech charter; on Friday, Thomas Curry is expected to announce his plans for the fintech charter; potential provisions to be included with the fintech charter announcement include receivership powers which would provide support from the government if capital funding fails. Source
Buy now, pay later (BNPL) giant Klarna will start reporting data on customers' usage of its products to credit bureaus in the UK.