Commenting on the announcement that the OCC intends to design standards that will allow fintech companies to be chartered as special-purpose national banks, Controller of the Currency Thomas Curry said: “More than 85 million young adults in America are entering the financial world with the majority of their financial lives still ahead,” he said. “They want technologies and services that provide better, faster, more accessible products and services, and they are willing to switch providers or use multiple providers to get what they want.”
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Non-performing loans are an area of concern for banks especially in tough economic times. NPL portfolios will impact profitability in two areas: 1) loss of the value of the loan not recovered and 2) ongoing management using labor intensive and manual workflows. 
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2016, a look in the rearview mirror

In mid-2016, the marketplace lending sector experienced some turmoil leading to increased scrutiny from regulators and institutional investors’ concerns about the securitization process and the quality of the underlying loans. However, this slowdown was temporary and personal marketplace loans globally grew by 210% (+64% for small business marketplace loans). 

China announced rules to tighten regulation of the national $60 billion P2P lending industry, with a document issued by the Ministry of Public Security, China Banking Regulatory Commission (CBRC), the Ministry of Industry and Information Technology, and the Cyberspace Administration of China. The new regulations took effect on August 24, 2016, but platforms now have one year to adapt their practices according to the framework.
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​The regulatory environment around P2P lending can be quite perplexing and can serve as a deterrent to many trying to enter the industry and launch a successful lending platform. Through this piece, we hope to clear some of the legal mist and provide clarity on the regulations that need to be adhered to.

Access to credit has always been crucial to achieve economic growth in the United States, a country where small businesses are responsible for two thirds of the new jobs created over the past twenty years. Today, advances in technology and availability of data allow online marketplace lenders to offer more efficient access to credit for small businesses and consumers, at historically low interest rates. 

The US Treasury issued an extensive analysis and commentary of the state of affairs in the most established sector within fintech, marketplace lending. This comes the same week as the founder and CEO is ousted amidst internal reports of misconduct within the pioneer and leader in the sector Lending Club. The week in the digital lending space has not been uneventful to say the least.

AltFi Europe Summit was organized in London in late March. Online lending services and models particularly dominated the discussion. As a whole the UK-based services and UK regulation were in the main focus at the event. The event served as a good summary of the p2p lending and equity crowdfunding market in the UK and some other countries. At the same it also illustrated, how the discussion now focuses on a few services and countries, when much more happens behind the curtains.

Crowd Valley has been invited to speak at the worlds largest online lending event, LendIt in San Francisco on April 11-12 on Market Best Practices in Efficient Back Office Operations. ​

Rumors on possible regulations for the rapidly growing Chinese peer-to-peer lending sector have been periodically arising, drawing the attention of the entire industry. But until now, they remained unconfirmed news with no evidence of any serious intention. However at the end of 2015, the China Banking Regulatory Commission (CBRC), published a set of proposed rules asking the public to provide comments.