Fintech Lending Archives - Noonan & Lieberman

CSBS Releases Its Fintech Industry Advisory Panel Recommendations for Streamlining State Nonbank Supervision

On February 14, 2019, the Conference of State Bank Supervisors (“CSBS”) released its Fintech Industry Advisory Panel (“Advisory Panel”) recommendations for streamlining state nonbank supervision. According to the CSBS, it agreed to implement 14 specific recommendations (“Recommendations”) from the Advisory Panel, primarily in the areas of creating uniform definitions and…

GAO’s Report to Congress on Fintech Recommends Agencies Provide Clarification on Lenders’ Use of…

On December 19, 2018, the United States Government Accountability Office (“GAO”) issued a report to Congress focused on three segments of fintech lending industry that cover personal loans, small business lending and student loans (“Report”). For these segments, the Report (i) identifies trends in fintech lending and business models used by…