This week we have M&A, a negative ruling in Washington, big fundraising rounds (of course), digital currency news and more. Here are what I consider to be the top 10 most important fintech news stories of the past week.
House passes bill to repeal OCC ‘true lender’ rule from The Hill – It was inevitable, after passing the Senate last month, but it was still sad to see a commonsense rule that helps consumers, get lumped in with payday lending and defeated in the House this week.
Central bank digital currencies get full BIS backing from Reuters – The Bank of International Settlements is going all-in on digital currencies saying the train has left the station. It says that central banks need to embrace digital currencies before big tech dominates digital money.
Pioneering Data Analytics Firm PeerIQ Acquired by Cross River from LendIt Fintech News – PeerIQ broke new ground when it came to risk and analytics tools for the online lending space, expanding to offer similar services to community banks. Now, it will become part of the Cross River family after the announcement of the acquisition this past week.
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.