U.S. Representative Emanuel Cleaver II (D-MO) has published the initial findings of a probe into the alternative small business lending market in an effort to explore borrower protections, fairness and the possible need for greater regulatory oversight. About a year after reports first surfaced that Cleaver...
U.S. Representative Emanuel Cleaver II (D-MO) has published the preliminary findings of his investigation into the alternative small business lending market in an effort to probe whether algorithms used by FinTechs are able to adequately protect against discrimination. At the heart of the investigation is...
Regulators from the U.K., U.S. and Hong Kong announced on Tuesday (Aug. 7) a new alliance aimed at encouraging the growth of FinTechs. According to a report in Financial Times, citing the U.K. Financial Conduct Authority (FCA), the new alliance – dubbed the Global Financial Innovation Network...
It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated. The report urged regulation that would standardize efforts across...
September 13, 2016
As the fluctuations within the small business lending industry continue, SMEs must keep their eye on the state of the market: whether capital is available, how affordable it is and where it’s coming from. Marketplace lender Bizfi released today (Sept. 13) the results of its research on how small businesses are managing the changes made to […]
August 07, 2018
Regulators from the U.K., U.S. and Hong Kong announced on Tuesday (Aug. 7) a new alliance aimed at encouraging the growth of FinTechs. According to a report in Financial Times, citing the U.K. Financial Conduct Authority (FCA), the new alliance – dubbed the Global Financial Innovation Network – is part of the FCA’s aim to create a […]
October 18, 2016
The Ontario Securities Commission (OSC) is supporting a new initiative aimed at helping to guide FinTech startups through the complexities of the regulatory framework and provide them with an opportunity to...
