PYMNTS
OCTOBER 16, 2018
OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.
CFPB Monitor
JUNE 8, 2016
On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”
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CFPB Monitor
APRIL 15, 2016
The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. .
PYMNTS
NOVEMBER 21, 2016
PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. Researchers agreed that this shows a continually high level of interest in the financial technology and innovation space among investors, despite the overall drop in VC funding.
Fintech Labs Insights
AUGUST 30, 2016
Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. The post FinovateFall Sneak Peek: Aspire Financial Technologies appeared first on Finovate. Register today. Aspire will demo the Aspire Gateway platform. Why it’s great.
CFPB Monitor
FEBRUARY 13, 2017
However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Interagency fair lending task force. Fintech forum.
PYMNTS
OCTOBER 1, 2018
The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.
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