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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

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The Financial Technologies SMEs Aren’t Using

PYMNTS

Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped. The statistics were published last week from BDRC Continental, which surveyed 100,000 U.K. small businesses.

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FTC holding FinTech forum on marketplace lending

CFPB Monitor

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.”

Lending 60
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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. billion was invested in FinTech startups in Q3 2016 , calculated KPMG and CB Insights in their most recent Pulse Of Fintech report. and Europe dominated in 2015. 83% of U.S.

Strategy 100
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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

With respect to research and policy development, the letter discusses the following initiatives: Auto survey. In December 2015, the FTC published a notice in the Federal Register seeking comments on its plans to conduct a survey of consumers regarding their experiences in buying and financing automobiles at dealerships.

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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

In the event that there was significant ongoing demand by households for CBDC, the implication would be … a fall in commercial bank deposits, and a reduction in the availability of funds for lending to households and businesses.”. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

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