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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. Late last week, the U.S.

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How the OCC is building Crypto America

Lex Sokolin

We love the robot as much as the next Fintech commentator. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., Second, Fintechs (e.g., Don’t get us wrong.

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How the OCC is building Crypto America

Lex Sokolin

We love the robot as much as the next Fintech commentator. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., Second, Fintechs (e.g., Don’t get us wrong.

America 52
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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

Instead, it is replacing payday lending as an industry. This generated a good $6 billion of revenue in 2016, though that number is likely further compressed given attempts at regulating this sector. The start-up is claiming to be EBITDA-positive, thereby reaching an amount of (basic) profitability that many fintech companies lack.

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