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For anyone who has habitually watched the testimonies of Federal Reserve chair Janet Yellen, last week’s session of the joint economic committee was notable for its political tone.
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Lending Club’s founder and former CEO Renaud Laplanche intends to stage a comeback with a new company, Credify Finance Corporation, but will the ghosts of his past come back to haunt his new venture? -
Zopa’s application for a banking licence is a clear vindication of a long-recognisable trend — as online lending platforms mature, they look to adopt the traditional models that they once appeared to shun.
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Last week marked what looks like the death of the Trans-Pacific Partnership (TPP), a comprehensive trade agreement that would have heralded closer integration between the US and the high growth economies of the Asia-Pacific region.
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It has been a common argument in the post-crisis years that excessive regulation has hurt American consumers by blocking access to credit. Given President-elect Donald Trump’s repeated promises to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act — and the likelihood of a better business climate for banks — do consumers stand to benefit at all?
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Central bank stimulus will weigh on UK RMBS issuance in the short term, but that could drag the market into becoming a more significant tool for bank treasurers.
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Presidential candidate, and favourite to win today’s election, Hillary Clinton wants to let most US college students attend state colleges tuition-free. But the federal aid boost could see more colleges upping tuition costs, and this could eventually come back to haunt the ABS market.
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The US Office of the Comptroller of the Currency (OCC) is thinking of introducing federal charters for fintech firms. But with the move come untested new regulations for community investments, which have the potential to hamstring the industry.
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SoFi, which is planning to act as an insurance broker for Protective Life Insurance Co, needs to wave its magic wand and transform an industry crippled by traditional methods of distribution.
