The Madden saga has been plaguing the marketplace lending industry for years now. We have covered this issue on Lend Academy more than any other regulatory topic. Ever since the 2015 Madden v. Midland decision by the Second Circuit the industry has been weighed down by uncertainty. There is finally some real light at the […]
Today’s News
- The OCC and FDIC Both Propose a Madden FixOn Monday it was the OCC and yesterday the FDIC; both banking regulators are working together to propose a fix to the Madden issue once and for all; after failing to advance in the past two sessions of Congress the OCC and FDIC have put forward a proposal that would address the marketplace uncertainty that […]
- Robinhood Launching in the UK Early Next YearFree stock trading app Robinhood has announced it will launch in the UK early next year, making its international debut; they have rolled out a waiting list for this UK launch today; Robinhood has six million users in the US and will look to duplicate that success in the UK but they will be going […]
- Fidelity is Granted Trust License from NY for Digital Asset Trading and CustodyBoston based asset management firm Fidelity was granted a trust license from the NYS Department of Financial Services to offer trading and custody of digital assets;“The custody and trade execution services that we provide are essential building blocks for institutional investors’ continued adoption of digital assets,” Michael O’Reilly, COO for Fidelity Digital Assets, said to […]
LATEST PODCASTS
Podcast 223: Steve Hoke of Finastra
Applying for a residential mortgage is a slow and complicated process. While technology is certainly making this process more efficient we still have a long way to go before it is a quick and seamless experience. The same can be said for commercial loans. For most community banks these are the two kinds of loans […]
Podcast 222: Jamie Warder of KeyBank
The future of fintech is going to be very much intertwined with the future of banking. Banks will continue to partner with fintechs, invest in fintechs as well as acquire fintechs. Banks will increasing look and behave more and more like fintechs with a focus on speed, ease of use and transparency. One large bank […]
Podcast 221: Martins Sulte of Mintos
In Europe there are many options for retail investors looking to invest in loans. While regulations differ by country there are usually several options for individual investors to deploy their capital. And then there is Mintos which is in a class all by itself. Our next guest on the Lend Academy Podcast is Martins Sulte, […]