Cross River Intelligence Archives

The OCC is moving forward with its special purpose national bank charter for fintech firms. This week the agency released a draft supplement to its licensing manual. At the same time, the OCC is facing challenges from several state regulators on whether the agency has the legal authority to award charters. Also, some House Republicans sent a letter to the OCC requesting a comment period on rules b ...

Last week LendIt USA convened in New York and had another year of record-setting attendance. Several leaders from the FinTech scene delivered keynotes including: Lending Club CEO Scott Sanborn, GS Marcus head Harit Talwar, Capital One and QED Founder Nigel Morris, American Express President Ash Gupta, Loan Depot CEO Anthony Hsieh, OnDeck CEO Noah Breslow, Prosper President Ron Sube ...

The SFIG Vegas conference set an attendance record this year, mirroring improved investor sentiment amidst an improving economic backdrop. Several participants drew comparisons to the 2004 environment which also featured a rising rate environment, deregulatory agenda, and conditions leading to an acceleration in ABS volumes. Fed Chair Janet Yellen signaled a rate increase for March FOMC committ ...