Morning Scan: Regulating P2P Lenders; Global Bank De-Risking

Receiving Wide Coverage ...

Here Comes the Fintech Regulation…: The U.S. Treasury Department released a paper Tuesday urging the need for greater transparency in the online lending industry through stronger regulatory oversight. The FT cited it as the first attempt by a U.S. regulator to produce a framework for an industry that emerged during the financial crisis. That marketplace lenders and other fintech companies are subject to far less regulatory scrutiny compared to legacy financial institutions...