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Regulators Decide To Issue Bank Charters For Fintech Firms
Monday, December 5, 2016 - 5:07pm | 441Read More...Comptroller of the Currency Thomas Curry announced that his office would consider applications from financial technology (fintech) companies to become special purpose national banks. The move would benefit firms providing online lending and smartphone payment, and they would boost competition...
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Record Auto Sales Fueled By Debt, Likened To Subprime Mortgage Market By Regulators
Friday, January 8, 2016 - 10:44am | 360Read More...U.S. auto sales hit a record-high 17.47 million in 2015, and industry leaders Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) appear to be firing on all cylinders heading into this year’s Detroit Auto Show. However, the percentage of vehicles requiring financing has been...
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Obama Taking Off The Gloves? Time to Take Off The Blinders
Monday, June 25, 2012 - 1:56pm | 1524Read More...On June 13, 2011, the New York Times wrote an exasperated editorial entitled “Nearly a Year After Dodd-Frank.” The editorial began by warning that: “Without strong leaders at the top of the nation's financial regulatory agencies, the Dodd-Frank financial reform doesn't have a chance. Whether it...
