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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152
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What the 2020 election means for fintech and Current

Current

is digital, and the acceleration in our growth and the share of the market we’re capturing, shows we’re improving the financial outcomes of an ever-increasing number of Americans, and now have over 1.75 The 2020 election means change but before we get into what it will mean for Current’s future, here’s a snapshot of the present.

Fintech 105
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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.

Utah 78
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Acting Comptroller discusses crypto risks, including use of bank-like terminology

CFPB Monitor

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J.

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GonzoBanker Awards 2017

Gonzobanker

FinTech threats and distractions. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. Payments chaos.

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Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. These emerging areas offer significant promise for both consumers and market participants alike and can be accelerated by a balanced and thoughtful policy approach.

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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Visa — One Market Center. Partnership Fund for New York City and Accenture — FinTech Innovation Lab. Get the entire 43-page PDF. Founded: 2013. Founded: 2010.