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LendingClub Settles With SEC, DOJ

PYMNTS

“Investment advisers have an obligation to put their clients’ interests ahead of their own,” said Daniel Michael, chief of the SEC’s Complex Financial Instruments Unit, about the decision. “By By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The DOJ Finding. Attorney Alex Tse. “We

Lending 135
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Fighting Digital with Digital

Independent Banker

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010. FDIC-insured deposits largely solve this problem for banks.

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Squared Away- How It Happened

Jeff For Banks

I will be attending the Financial Managers Society FMS Forum this upcoming June. I've been writing since 2010. The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. I attended the Pennsylvania Bankers' Association Women in Banking Conference the next day. write a book!