Fintechs want to become nationwide lenders, but they just hit a major roadblock

The regulators want to block the federal government from giving fintech companies national licenses that would allow them to pay consumers’ checks and lend them money. Online lending from the “fintech” sector is booming — prompting a legal duel between state and federal banking regulators on whose rules the budding industry must follow.

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2019-05-06T10:08:13+05:30May 6th, 2019|Categories: FIAKS daily, Financial Inclusion, Lending, P2P Lending|Tags: |Comments Off on Fintechs want to become nationwide lenders, but they just hit a major roadblock
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