This week, Isabelle spoke to Clair's Nico Simko about the earned wage access space and why Clair approaches EWA as a loan.
Last year New York Governor Andrew Cuomo signed a bill that required the State’s Department of Financial Services (DFS) to...
The new regulation came from a new state body focused on regulating internet finance; it put a stop to new approvals of offline micro lending companies; companies already in operation may see heavier regulation which has caused drops in the share price of recent IPOs including ZhongAn, Ppdai and Qudian. Source
Manuel Alvarez was previously general counsel and chief compliance officer at Affirm; today he was sworn in as commissioner of...
When LendingClub’s founder and then CEO Renaud Laplanche testified before congress in December 2013 he was asked what the federal...
Crowdfund Insider provides a roundup of keynote speaker quotes from LendIt USA expressing sentiment from the event; a great deal of attention at LendIt USA 2017 was on the industry's rebound from challenges faced in 2016 including a disturbance of platform confidence following the release of Lending Club's CEO with economic uncertainty and increased defaults also factoring into the market landscape; Scott Sanborn began the conference with an opening keynote speech discussing the exponential market opportunity still ahead likening the market's growth to Amazon's initial market potential; Lending Club's appointment of Sanborn appears to be a critical success factor for the firm and the industry overall; generally market leaders were confident about the industry's current trajectory and government officials reported an increased presence as mainstream integration becomes even more prevalent. Source
The Federal Home Loan Banks have been around since 1932 but their mission has changed from support for affordable housing to liquidity provider for banks. This has had a profound impact on the financial system.
Martins Sulte founded Mintos in 2015, a platform which is leading the way in the EU; they focus largely on...
Last month the Financial Stability Oversight Council (FSOC) released their annual report. This 165-page report highlights potential risks to our...
European finance chiefs believe that tech companies moving into financial services is a threat to financial stability; they also highlight the need for companies to be held to the same regulation as big banks; banks are especially concerned as open banking regulations are now in effect; article shares perspectives from BBVA, ING and Lloyds. Source