The report found that more than half of banks reported challenges reducing cyberattacks, and nearly half of firms are concerned with safeguarding sensitive data and adapting to consumer privacy laws.
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.
Gensler said his biggest worry about the equity market was competition and consolidation. While retail investing has taken off, the PFOF that enables it is ripe for conflict of interest.
Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.] The Paycheck...
[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.] Fintech...
There is big news on the trade association front today. The Marketplace Lending Association (MLA), the trade organization for fintech...
I am a big fan of earned wage access. When I last wrote about it in 2019, I made the...
The last day of the year is normally pretty quiet as far as news goes but LendingClub had two major...
Earlier this month a task force of Joe Biden and Bernie Sanders supporters released a document with policy ideas including...