This week the FDIC, OCC, and the Fed produced a 68-page interagency report detailing how banks should manage third-party relationships.
Randall Quarles, vice chairman for supervision at the Federal Reserve made recent comments about taking a fresh look at regulations; He stated, “History has shown us that, it’s not just a question of where has the risk that we knew moved, but what new risks are developing? I think that in the regulated area … we ought to be looking at what the implications of the growth of fintech ... I think we ought to be looking at cyber, obviously.” Source
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How rising interest rates would affect marketplace lenders has been a question that many people have been asking for a long...