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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. -
The S&P500 blip on the news last Friday that the FBI was reopening its investigation of Hillary Clinton’s private email server showed that markets are on edge about the US election.
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Lending Club finally unveiled its auto lending arm this Tuesday, after dropping hints at the LendIt USA conference in April. But auto lending is a whole new ball game, and the platform needs to muster all the ammunition it can to fight for a slice of the market.
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Forward looking statements from officials linked with the US Federal Reserve Board have been a bit of a controversial issue this year and have more often than not be a source of more confusion than clarity.
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A bank masquerading as a start-up in the overcrowded marketplace lending industry seems like overkill, but Goldman Sachs is fighting an uphill battle to win the hearts of US borrowers, especially after being vilified during the 2008 financial crisis.
