Payment and lending fintechs gearing up for OCC’s “fintech charter” decision

by Jinman Li | Jul 19, 2018 | Business & Tech

WASHINGTON — When Manu Smadja and his partner founded financial technology startup Mpower Financing in 2014, the online lender was only licensed to operate in Washington, D.C., New York and Massachusetts. Like many other nonbank loan originators that aspire to...

Stiglitz: Multiple layers of financial regulation well worth costs

by Jinman Li | Jul 16, 2018 | Business & Tech, Featured

WASHINGTON — The U.S. needs multiple layers of regulation of the finance industry because the damage from malfunction is so much higher than the costs, a Nobel economics laureate said Monday. Joseph Stiglitz, a professor at Columbia University, who was the Nobel...

U.S. Businesses Need to Prep For Brexit: Brexit Negotiator

by Jinman Li | Jul 13, 2018 | Business & Tech, Featured

WASHINGTON – American businesses should be prepared for the EU and British markets to be separate, but the EU will remain a major trading partner with the U.S. despite Great Britain’s withdrawal from the EU, the EU’s chief Brexit negotiator said...

Congress headed toward approving added strength to block foreign investments in U.S.

by Jinman Li | Jul 6, 2018 | Business & Tech, Featured

WASHINGTON – A bill awaiting final congressional approval would beef up a Treasury program’s ability to review foreign investments for national security threats, especially related to intellectual property – a measure that experts say is largely aimed at China. The...