Jul 8, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → Over the last two years, banks have increased their lending to nondepository financial institutions, many of which are fintech firms, by 23 percent, according to data compiled by FedFis. In comparison, commercial and credit...
Jul 5, 2019 | Congressional Legislation, FinTech
← Previous Article Next Article → Several House Democrats, led by Maxine Waters, chair of the House Financial Services Committee, sent a letter to Facebook executives urging them to halt plans for a new digital currency called the Libra.“We write to request...
Jun 20, 2019 | FinTech, News
← Previous Article Next Article → Although discrimination in lending remains a problem in America today, discrimination is declining, largely as a result of fintech firms’ use of algorithms. According to the latest research, fintech algorithms discriminate...
Jun 19, 2019 | FinTech, News
← Previous Article Next Article → On June 18, Facebook announced an ambitious plan to develop an alternative financial system using a global currency, backed by blockchain technology, called “Libra.” The frequently criticized social media giant expects to...
Jun 10, 2019 | FinTech, News
← Previous Article Next Article → Credit reporting has changed substantially over the years. Compared to the past when lenders rarely used anything other than traditional credit reports, the majority of lenders today use alternative data when making a...
May 31, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) recently released their Semiannual Risk Perspective report. The report focuses on current issues that could pose a risk to bank safety and compliance in the future. A...
