In a recent Supreme Court case—Midland Funding, LLC. V. Johnson, No. 16-348—the court declared that the statute of limitations doesn’t necessarily bar a creditor from seeking payment for an obligation through a bankruptcy claim. The case began when Midland Funding filed a claim to collect a $1,900 credit-card debt...
The Structured Finance Industry Group had their SFIG Vegas 2017 Conference at the Aria Resort & Casino in Las Vegas from February 26th to March 1st – around 7,000 ABS market professionals attended including investors, issuers, financial intermediaries, regulators, law firms, accounting firms, technology firms, rating agencies, servicers and...
The peer-to-peer (P2P) payment industry, through digital platforms such as Venmo and Google Wallet, has become a preferred method for monetary transactions as a younger tech-savvy generation ages and gains more spending power. The question facing the industry is how to monetize the inevitable dominance of this technology from...
Two years ago the Federal Reserve released Strategies for Improving the US Payment System, a plan that was intended to improve the payment system by making it faster, more secure and more efficient. Since this plan was released, the Fed has collaborated with key stakeholders to implement strategies from...
There have been heated discussions about where our country is heading under the Trump administration since the presidential election ended. In particular, FinTech, a sector with increasing significance to the economy, is watching closely to figure out where the future lies for the industry. An open internet environment, as...
SoFi, an online personal finance company, has partnered with Fannie Mae to offer student loan borrowers a cash-out refinance option. This new loan option, called Student Loan Payoff ReFi, allows consumers to use their home equity to pay off their student debt. By paying down student debts, borrowers can...
As fintech companies continue to grow and garner worldwide attention, the Hong Kong Monetary Authority decided to capitalize on this. The Hong Kong Monetary Authority is establishing a regulatory “sandbox” to enable faster trials of products and to maintain competitive versus its peer countries such as China, Australia, and...
As of today, the US may be the financial center of the world, but many believe it is lagging behind when it comes to innovation. This is partly due to the many laws and regulations financial services firms are required to follow. The proposed “Financial Services Innovation Act of 2016”...
JP Morgan joined hands with OnDeck Capital to help make loans available to its small business customers in an inexpensive and quick process. Bank of America similarly inked a deal with ViewPost in an effort to provide small business users with a way to manage their cash flows better....
Fundraising with online crowdfunding platforms can be rewarding but there are risks and still many open questions. Beyond the obvious concern of fraud or misleading information provided by companies, many believe the “wisdom of the crowd” in often highly technical, early stage businesses is flawed. Many believe without a...
Castle Placement
