There have been a lot of executives recently who have expressed their opinions about cryptocurrencies; while many people agree that the technology behind bitcoin has huge potential, there are a wide variety of opinions about cryptocurrencies; Lend Academy shares quotes from Jamie Dimon (JP Morgan), Larry Fink (Blackrock), Mike Novogratz (Galaxy Digital Assets Fund), James Gorman (Morgan Stanley),Axel Weber (UBS), Christine Lagarde (Head of the International Monetary Fund) and Lloyd Blankfein (Goldman Sachs). Source
Lend Academy provides a resource for new investors in Lending Club and Prosper; their article includes five basic principles for investing in the platforms; the five key elements for investing include: 1) diversify investments 2) expect defaults 3) keep cash balances low 4) automate investing and 5) avoid taxes by investing through an IRA. Source
In December the Office of the Comptroller of the Currency (OCC) released its proposal for a fintech charter with an open comment period until January 15; the OCC has received numerous comments which can be found here; Lend Academy and LendIt submitted a response in favor of the fintech charter; their response outlines the difficulties online lenders have in complying with different rules in each of the 50 states; suggests nationalization of regulation would make platform operations more efficient and help the industry to broaden the benefits it can offer to financial inclusion and other nationwide initiatives. Source
GreenSky offers a unique type of point of sale financing and has just closed a $200 million round. Source
The Office of the Comptroller of the Currency (OCC) has published details on its fintech charter in a 16-page supplement to its existing OCC licensing manual; the fintech charter supplement addresses capital requirements, liquidity, financial inclusion plans, consumer protection and the application process; Lend Academy provides an analysis in their article; the release of the fintech charter will now be followed by an open comment period which ends on April 14; also noteworthy is that Thomas Curry's term as comptroller ends on April 9 however he can serve until a replacement is confirmed. Source
Peter Renton, Founder of Lend Academy provides a summary of the second annual Online Lending Policy Summit which covered a wide variety of topics around regulation for fintech companies. Source
Sharestates is one of the most successful companies in the real estate crowdfunding space; they grew originations to over $1...
Lend Academy shares some of the biggest news stories of the year; includes Mike Cagney departing SoFi, the Cleveland Fed retracting their report on “p2p lending”, Prosper’s $5 billion deal, Renaud Laplanche’s new venture and more. Source
Lend Academy shares recent initiatives from Barclays and PNC Financial Services as traditional banks move into the online consumer lending space. Source
In this guest post Tobias Briegel explores the intersection of blockchain technology and real estate. Source