The acting head of the OCC, Brian Brooks, has openly discussed his support for clarity on the ”true lender” rule;...
The Office of the Comptroller of the Currency (OCC), a national bank regulator, said yesterday that it encourages financial firms...
As the financial world has moved to digital it is has created challenges for those institutions that relied on physical...
When Libra was announced last year it was met with significant pushback, particularly in Europe; today, the European Union has...
The world of finance is changing rapidly but the tools being created are not always reaching the people who need...
Penny Crossman from American Banker digs into the various technologies that will eventually result into invisible banking; this is the...
The deadline is today for applying for a small business loan via the Paycheck Protection Program with $134 billion still...
Discusses the provisions of the Protecting Consumers Access to Credit Act of 2017; says the legislation which seeks to fix Madden v. Midland will cause increased predatory lending; bill is based on valid when made doctrine and author discusses the consumer protections involved in loans that are transacted after issuance. Source
Quicken Loans is experiencing growth due to the extraordinarily low-interest rate environment that Covid-19 has brought on the US financial...
MoneyLion talks about the evolution of the fintech industry and the rebundling of financial services in their featured blog post; the first wave of fintech was known for its unbundling of traditional financial services by fintech companies; as these companies have achieved success from focused product development, they are now looking to expand services for new verticals and cohesive cross selling; banks are also more broadly diversifying to meet customer needs; MoneyLion also notes API development as a key factor supporting the rebundling of services; the firm has brought together a range of online services that help customers improve their financial health and it sees rebundling as an important trend that will help to support more comprehensive fintech services for clients. Sponsored Blog Post