If the government does not delay, 2022 is the year that Washington gets serious about crypto.
Moody's has released a report commenting on the new FDIC guidelines for bank lending through third-party lenders; guidance from the FDIC is proposed and seeks to potentially improve controls on bank lending through marketplace loans; the new FDIC guidance will help to improve the overall quality of loans on marketplace lending platforms, according to Moody's; the new controls focus on greater analysis and oversight by banks of marketplace lenders' credit underwriting models to ensure that they align with the bank's lending terms. Source
With a backlog in the US Senate Obama’s last FDIC Chair Martin Gruenberg is still in office 5 months after...
In this episode, we talk with Sultan Meghji, the former head of innovation at the FDIC, about financial regulation and what it will take to truly modernize the banking system
Leading fintech platform, SoFi, has applied for a national bank charter with the OCC; unlike back in 2017 when they...
No new bank applications have been filed with the FDIC since the end of December, which is the longest drought...
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The experience of this past weekend highlights a type of business continuity risk that managers of FBO accounts should stop to consider.
The head of the OCC, Joseph Otting, has been personally lobbying big bank CEOs to win support for his plans...
The FDIC and other regulators announced in a joint statement yesterday that banks should re-enter the business of making short...
SoFi has become the latest fintech to apply for a full national bank charter. They filed a de novo bank...