During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Why are fintechs getting a regulatory pass? from American Banker – We knew this was going to come back to bite us. The regulatory problems at Robinhood late last year has caused this editorial to paint all of fintech as happy to bypass regulatory oversight. But he does make a valid point on data security.
Betterment Is Coming For The Checking Account from Forbes – The days of the no-interest checking account may be numbered. Interesting quote from the CEO of Betterment, “Our mission is to eliminate the checking account, which is an antiquated idea”.
Banks have even less room for error with bad behavior from American Banker – Thought provoking op-ed in American Banker by the former head of the OCC Eugene Ludwig. Rooting out bad behavior by employees, known as conduct risk, is becoming a big challenge for banks and will be for fintechs too.
From the Lend Academy Forum
The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.
Available Cash -$1.49 – LendingClub investors discuss the oddities that sometimes occur in their account.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.