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Regulation

FintechRegulationUSA
·Jun. 16, 2020

Fed Opens Main Street Lending Program

The Federal Reserve has finally opened up the Main Street Lending Program for registration; this is the program targeted towards...
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FintechRegulation
·Jul. 1, 2020

Senate Agrees to Extend PPP Until August 8

The Paycheck Protection Program officially expired yesterday but last night the Senate reached a deal to extend the program until...
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FintechRegulationUSA
·Jul. 22, 2020

Biden’s Plan for a Public Credit Reporting Agency Draws Criticism

Earlier this month a task force of Joe Biden and Bernie Sanders supporters released a document with policy ideas including...
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BankingMergers & AcquisitionsRegulation
·Jan. 4, 2021

LendingClub Bank Acquisition Approved by OCC as Investor Platform Closes Down

The last day of the year is normally pretty quiet as far as news goes but LendingClub had two major...
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Regulation
·Feb. 4, 2021

Regulators Take an Interest in Earned Wage Access

I am a big fan of earned wage access. When I last wrote about it in 2019, I made the...
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AnnouncementsRegulation
·Mar. 3, 2021

The MLA and OLPI Merge to Form the American Fintech Council

There is big news on the trade association front today. The Marketplace Lending Association (MLA), the trade organization for fintech...
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Guest PostLendingRegulation
·Mar. 8, 2021

Fintechs Saved PPP and Should Be Included in the State Small Business Credit Initiative

[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.]  Fintech...
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Opinion
·Jun. 9, 2021

Three things Policymakers can do to help American small businesses after the Paycheck Protection Program

[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.]  The Paycheck...
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Fintech
·Aug. 18, 2021

Study Blames Fintech for Bad Data in the PPP Program

Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
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SEC Regulation
Regulation
·Sep. 16, 2021

Senate banking hearing grills Gensler on SEC regs, crypto, retail investing, and more

Gensler said his biggest worry about the equity market was competition and consolidation. While retail investing has taken off, the PFOF that enables it is ripe for conflict of interest.

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