Tagged: richards kibbe & orbe

The OCC Issues Draft Requirements for a Fintech Charter. Is a Charter for Innovative Financial Firms Dead in the Water?

As expected, the Office of the Comptroller of the Currency has published a draft licensing manual regarding the creation of a Fintech Charter. The draft is a supplement to the agency’s existing Licensing Manual and explains how Fintech firms may apply for special purpose bank charters…. Read More

What to Watch For in Marketplace Lending During 2017

Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

Legal Experts Respond to SCOTUS Decision Not to Review Second Circuit Madden vs. Midland Decision

Reactions to the Supreme Court decision declining to review the Second Circuit court decision regarding Madden vs. Midland are starting to crop up. The case is one that is being widely watched by the marketplace and online lending industry. Vincent Basulto, a partner at Richards… Read More

Marketplace Lending Survey: Institutional Investors Show Increasing Optimism

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More