At a glance Financial services firms are growing increasingly concerned over rising costs to maintain compliance amid constant regulatory changes. Emerging regulatory technologies offer many options to streamline regulatory compliance and risk management programs. Companies that embrace regtech ... READ MORE >
How regulatory oversight may change at five agencies under Biden
With President Biden’s cabinet taking shape, regulated entities in the financial services industry like banks, specialty lenders and capital markets firms are starting to get a better picture of what changes might be in store. For these firms, the question is no longer if regulations will change, but ... READ MORE >
CHART OF THE DAY: Diverging trend in consumer loan delinquencies and unemployment
Consumer loan delinquencies and unemployment rates have historically followed similar paths – either both increasing during times of stress, or both declining in periods of prosperity. But the pandemic has upended that coupling, as consumer loan delinquencies have trended down while unemployment has ... READ MORE >
How to become a qualified lender under the Paycheck Protection Program
(Note: this article was originally published on April 1, and was most recently updated on May 5.) The federal government recently approved the CARES Act, a $2.2 trillion fiscal stimulus meant to address the economic damage of the coronavirus. Included in that package is the Paycheck Protection Program, ... READ MORE >