New OCC Policy to encourage Bank Participation in Small Dollar Lending
Last week, the Office of the Comptroller of the Currency (OCC) released a new bulletin outlining steps for banks to offer short-term loans to customers. The overall goal of the policy change is to increase…
Fed Finds 40% of Americans Can’t Cover a $400 Emergency Expense
Four in 10 adults would struggle to cover an unexpected expense of $400, according to the Federal Reserve's Report on the Economic Well-Being of U.S. Households in 2017, released last week.
The fifth annual survey showed…
Why Lenders Need Customer Identity Intelligence
Why Lenders Need Customer Identity Intelligence
By: Craig Moore, SVP – National Sales Manager, Accelitas
The credit scores and data analytics systems, including loan decisioning engines, that lenders have relied on in the past simply don’t cut…
GAO Issues Report on Fragmented Fintech Regulatory System
GAO Issues Report on Fragmented Fintech Regulatory System
Last week, the Government Accountability Office (GAO) issued a report that addresses financial technology for payments, online lending, financial advice, and blockchain.
The report examined the risk/benefits of such…
LEND360 comes to Washington
LEND360 comes to Washington
As the Trump Administration develops a fintech policy report to be released later this year, a diverse group of LEND360 participants made the trek to Washington DC to meet with the authors…
Mitigating Risk in a Sea of Vulnerabilities
Wednesday, February 21, 2018
Hector Guillermo Martinez, President, GM Security Technologies
Listen here
Password: dRRPaef3…
The Fintech Approach to Bank Partnerships & National Charter
The Fintech Approach to Bank Partnerships & National Charter
By: Catherine M. Brennan and Katherine C. Fisher of Hudson Cook, LLP
For many years, banks have partnered with Fintech companies to offer online loans to consumers. Some…
Predicting Comptroller Otting’s Impact on Fintech
Predicting Comptroller Otting's Impact on Fintech
By: Scott M. Pearson and Daniel L. Delnero, Ballard Spahr LLP
Joseph M. Otting was sworn in as Comptroller of the Currency on November 27, 2017. Mr. Otting is a seasoned bank…
Data and Analytics for Understanding Consumers
Data and Analytics for Understanding Consumers
By: Steve Hotz, Principal, The Lead Group
As a continued series providing highlights from this year’s LEND360 Forum Sessions, one of the more intriguing and highly attended panels was “Successful…
Key Learnings from the LEND360 State Listening Session
Key Learnings from the LEND360 State Listening Session
By: Michael Day, LEND360
While a significant focus at this year’s LEND360 was on policy at the federal level, I had the opportunity to lead a very interesting listening…