In the Winter 2015 edition of the Federal Deposit Insurance Corporation's (FDIC) Supervisory Insights, the agency provided an overview of the marketplace lending model, "a small but growing component of the financial services industry that some banks are viewing as an opportunity to ...
Capital planning and stress tests for bank holding companies and other institutions with assets over $10 billion have been finalized by the Federal Reserve Board of Governors.
On December 4, 2015, the President signed the Fixing America's Surface Transportation Act, better known as the FAST Act, which had been approved by a bipartisan Congress.
In a new advisory, the Federal Deposit Insurance Corporation (FDIC) provided a reminder to all covered entities of the importance of underwriting and administering purchased loans and loan participations as if the loans were originated by the purchasing institution.
Reports show that the San Bernardino shooter took out an online marketplace loan a few weeks prior to the attacks.
Madden v. Midland Funding, an important court case for marketplace lending may now be heard at the Supreme Court.
In two recent speeches, Comptroller of the Currency Thomas J. Curry discussed the supervisory priorities of the Office of the Comptroller of the Currency (OCC), including bank operational risks, increased credit exposures and insufficient loan loss reserves.
Legendary NFL coach John Madden probably has no idea that his last name now invokes shrugs, grunts and eye-rolling from the marketplace lending community.
The automotive industry is continuing to face heavy scrutiny from regulators.
The Consumer Financial Protection Bureau (CFPB) released its final rule providing oversight of larger participants in the nonbank auto-financing ecosystem, along with examination procedures for covered entities, making the significant expansion of its supervision official.