Tagged: treasury

Treasurer of Australia Scott Morrison: “We must ensure that our policies and actions harness and realise the full potential of Fintech —by removing barriers to these innovations”

Australia is embracing the innovation of Fintech. The advancement in the rest of the world has not been ignored.  Seeing opportunity, the Australian government has been working on crafting an environment where rules do not hinder financial innovation and regulations are crafted to encourage competition… Read More

The US Government is Worried that Usage of Digital Currencies will Lead to Tax Avoidance

The Treasury Inspector General for Tax Administration (TIGTA) published a document this fall that reviewed the growing usage of Bitcoin and other digital currencies in the private sector. While acknowledging there are benefits to “virtual currencies” including lower transaction fees and faster transfer of funds… Read More

US Treasury White Paper on Marketplace Lending: Opportunities & Challenges

  As expected, the US Treasury Department has published a white paper addressing the emerging marketplace lending sector of finance. Entiteled “Opportunities and Challenges in Online Marketplace Lending”, the document follows a “Request for Information” from 2015 where approximatley 100 different platforms and industry observers… Read More

Dear Jack Lew: Please Do Not Dampen Marketplace Lending Innovation

  This past Tuesday (May 3rd), twenty members of Congress joined to ask the Secretary of the Treasury, Jack Lew, to tread lightly when it came to the emerging marketplace lending industry. The timing of bi-partisan missive is important as Treasury has announced it will… Read More

Department of Treasury to Release Report on Marketplace Lending

The US Department of Treasury has announced its intent to release a white paper next week pertaining to their review of the marketplace lending industry (orginally labeled peer to peer lending). The document is expected to encapsulate the many comment letters submitted to Treasury following… Read More

The Reason Treasury Wants Crowdfunding Portals to Be More Like Broker Dealers: Turf

Last month the US Department of Treasury, Division of Financial Crimes and Enforcement Network (FinCEN), announced a proposed rule change that will impact Reg CF crowdfunding portals. Now the concept of a crowdfunding portal is a new approach that was legalized under the JOBS Act… Read More

Peter Renton, Founder of Lend Academy & LendIt Conference, Contributes to Marketplace Lending’s Global Understanding, Growth & Success

  “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More

What Does the UK Think of the US Marketplace Lending Sector? They Tell Us Here

Online lending is undergoing a bit of an introspective period.  The US Department of Treasury published a request for information which posed multiple questions to industry participants and interested observers.  The UK P2PFA took the opportunity to share their point of view from across the… Read More

US Department of Treasury Extends Deadline for Comments on Marketplace Lending

The US Department of Treasury issued a “Request for Information” (RFI) on the burgeoning Marketplace / P2P lending sector several weeks back.  As summer vacations are quickly coming to an end, Treasury has decided to give direct lenders and interested parties a bit more time… Read More

Orchard Shares Thoughts on US Treasury’s Interest in Marketplace Lending

On August 5th the US Department of Treasury hosted over 80 individuals as part of a series of roundtables and information seeking events to discuss the fast growing sector of Marketplace Lending.  This past July, Treasury published a “Request for Information” regarding Peer to Peer… Read More

Marketplace Lending: A Need for Some Definition, Data & More Discourse. A Response to the US Treasury RFI

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

US Treasury Shares Panelist Names from Today’s Marketplace Lending Forum but Little Else

The US Department of Treasury held a discussion today regarding the fast growing Marketplace Lending industry.  Treasury released a brief statement regarding the event highlighting the panelists which included: Michael Barr, University of Michigan Law School William Black, Moody’s Investors Services Nick Bourke, Pew Charitable… Read More

Bond Street CEO Comments on Department of Treasury “Request for Information” on Marketplace Lending

Crowdfund Insider reported last month on the US Department of Treasury’s interest in the fast growing Marketplace / Peer-to-Peer lending space. Treasury published a “Request for Information” (embedded below) seeking public comment to study the various business models and review “how the regulatory framework should… Read More

Orchard Provides Feedback on Recent US Treasury Interest in Marketplace Lending

  Last week Crowdfund Insider published a report on how the US Department of Treasury was investigating marketplace lending and the rising prominence of online, direct lenders. While the interest is certainly understandable, anytime the government shows up – industry gets concerned.  While Treasury stated their… Read More

Feds Seek More Info on Growing Marketplace Lending Platforms

The Treasury Department has published an RFI on the operating environment surrounding Marketplace Lending. Previously labeled “Peer-to-Peer lending”, as the industry has grown a more diverse ecosystem has evolved. Today much of the funding is from institutions and a lesser portion is coming from smaller investors. The RFI… Read More

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