Their website mentions names such as 'digital sterling' or 'Britcoin' and emphasizes the difference between CBCDs and cryptocurrencies.
It seems that regulators in Pennsylvania have had some misgivings about p2p lending. So, the PA Securities Commission issued this...
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
The international group of regulators called the Global Financial Innovation Network (GFIN) has expanded to 29 countries and is inviting...
To really address the racial wealth gap fintech companies need a new mindset. Traditional products, even with a fintech twist, are not making a big enough difference.
In a speech at the Money 20/20 conference in Las Vegas, the head of the CFPB said he was troubled by banks who would shut off access to third-party data providers and believes consumers should have access to their data; though the agency declined to comment on the possibility of a new rule, they did make it clear that consumers should be the ones who decide when and who should have access to their data; this puts banks in a tough position as they work to comply with the current regulations and burgeoning fintech market that has given consumers a variety of technology options to use their personal data. Source
As you may know every loan on both Lending Club and Prosper is a security that is registered with the...
Chancellor Hammond and the newly established fintech delivery panel will meet in February to discuss the fintech industry; the group's purpose is to drive fintech specific policy recommendations for the UK; 24 industry experts will attend the February meeting including representatives from Funding Circle, Seedrs and MarketInvoice; on April 12 the UK government will also hold the International FinTech Conference in London to connect domestic and international investors with the UK's fintech market. Source
A group of House Republicans has sent a letter to Comptroller Thomas Curry requesting his agency slowdown its plans for a fintech charter; the letter was signed by House Financial Services Committee Chairman Jeb Hensarling and 33 other House Republicans; it primarily suggests that stakeholders are not receiving an appropriate amount of time to comment on the full details of the fintech charter and that there is potential for the fintech charter to be overturned by Congress. Source
The Federal Reserve made several changes to the Main Street Lending Program on Monday that should result in more businesses...