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OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

Walmart plans to launch its own fintech

Walmart, the American retail giant is planning on launching a fintech platform to penetrate the growing digital financial landscape space. The retailer...

JP Morgan and Citibank post positive Q4 results after a tumultuous year

The ripples of the pandemic could be felt throughout the economy in 2020 and the banking sector was no exception. Despite experiencing...

Biden Picks Rohit Chopra as Head of Consumer Protection Agency

President-elect Joe Biden picked Rohit Chopra to serve as the next director of the Consumer Financial Protection Bureau (CFPB), two sources told...

Housing Prices Rise in the Middle of U.S.

While the pandemic has negatively impacted many industries, the housing market experienced higher gains in 2020 than in the past decade. The most...
Europe Digital Banks

Consolidation Looms Over Europe’s Digital Banks After a Tumultuous 2020

Due to the coronavirus pandemic, the prominence of digital banks and online banking has increased substantially over the past year.

OCC: National Banks Can Accept, Process Stablecoin Payments

The OCC has allowed national banks to participate in independent node verification networks and use stablecoins for payments. In an interpretive letter...

SoFi Merges with Social Capital Hedosophia to Form a One-Stop-Financial-Shop

SoFi, the online lender, has merged with SPAC Social Capital Hedosophia to pave the path for the fintech to go public. The...
U.S. Construction

U.S. Construction Spending Increases by 0.9% in November

U.S. spending on construction projects increased by 0.9% to $1.459 trillion in November, the highest level since the government started tracking the...

Recent Articles

OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

New SPAC ECP Environmental Growth Opportunities Corp. to Help Combat Climate Change

ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings...

Challenges in Life Sciences: What 2020 Meant for This Industry

When we compare life sciences and healthcare to other industries, the strategy in the former is much more fragmented. The pricing practices are also relatively unbalanced while the product cycle is quite long as well.

Tencent Music Group Acquires Lazy Audio

Tencent Music Group (NYSE: TME) announced on Friday Jan. 15 that it has entered into a definitive agreement to acquire Lazy Audio....

Most Popular

The Federal Reserve extended four lending programs.

Fed Extends Four Lending Programs to Sustain the Economy

The Federal Reserve extended the deadlines for four lending facilities that were set to expire at the end of the year. The...

Searchlight, ForgeLight Complete Univision Stake

Searchlight Capital Partners and ForgeLight complete majority stake in Univision, the largest Spanish-language broadcaster in the United States. Searchlight and ForgeLight acquired...

Main Street Lending Program Increases Access to Credit for Nonprofits

Nonprofit organizations can now access new loans up to $35 million and expanded loans up to $300 million through the Main Street...

T-Mobile Suffers Widespread Service Outages Two Months After Finalizing Merger with Sprint

On Monday June 15, thousands of cell phone users on multiple networks reported outages with their service. Both voice and text service...

Triton Acquires HiQ and Majority of its Shares

Triton acquires HiQ through Trisall AB. Consequently, Triton is now the owner of 91 percent percent of the shares in HiQ.