Chinese regulators raided over 40 companies in China to investigate for illegal activities pertaining to the country's newly disseminated laws; investigators found property agents listing homes that owners had not agreed to sell and providing false information about properties; with a focus on real estate property investing, the investigators also found P2P lenders offering down payment loans after they were recently restricted by regulators. Source
As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.
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
BTC or ETH is not subject to tax on sales if the individual sells them more than 12 months after being acquired.
It was the 19th century German leader Otto von Bismarck who said, “Laws are like sausages. It’s better not to...
The international group of regulators called the Global Financial Innovation Network (GFIN) has expanded to 29 countries and is inviting...
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
The Federal Reserve has announced it will hold an industry conference on financial innovation, titled, "Financial Innovation: Online Lending to Households and Small Businesses"; the event will take place on December 2 and will involve academics, industry participants and policymakers; discussions will focus on academic research and the evolving online lending industry. Source
A report from LexisNexis Risk Solutions finds that financial institutions prioritize transparency and inclusion but face challenges.
Three questions for former CFPB Deputy Director Raj Date Earlier this month, Department of Government Efficiency (DOGE) czar Elon Musk...