Banks Increase Lending to Nondepository Financial Institutions
← 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...
House Democrats Urge Facebook to Halt Plans for Digital Currency
← 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...
New Study: Fintech Reduces Discrimination in Lending
← 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... Facebook Announces New Currency
← 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... 