Tag Archives: banking

Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

Posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Dodd Frank, fraud, Investments, Jobs, Legislative Intent, review, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Platform Finds A Niche

As a market gets crowded, players start looking for niches to fill. That’s Honeycomb, an accelerator startup that is now an SEC registered web portal. Honeycomb plans to have local customers fund small loans for community businesses that have actual … Continue reading

Posted in accredited investor, Banking, Banks, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Pros Say Crowdfunding About To Crash

Certain finance professionals in the UK believe that crowdfunding lending is “a car crash waiting to happen.” At the Finance Professional Show in London, that lender based his conclusion on the belief that there are too many lenders who don’t … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Dodd Frank, Funding Portals, Investments, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wall Street Attempts To Push Out Crowdfunding Lenders

Wall Street is stepping into a vacuum left by crowdfunder Lending Club by initiating a new consumer lending platform named “Marcus.” If you are invited to the party (with a code), you will be able to borrow up to $30,000 … Continue reading

Posted in Banking, Banks, Broker dealers, CFPB, checkbook, Congress, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, deposits, Dodd Frank, Funding Portals, NSF, overdraft fee, penalty, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding For CryptoCurrency Index

Wondering if the SEC is watching this? Apparently running out of Czechia, ICONOMI, a fund management platform for the decentralized economy has raised $ 10.4 million in Bitcoin, Ether, Lisk, EUR, USD and other currencies for operational capital and equity … Continue reading

Posted in accredited investor, Banking, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, deposits, Funding Portals, Investments, Jobs, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Peer Pressure To Repay Crowdfunded Loans

Crowdfunding debt has taken a new turn with Vouch. Backed by VC’s and started by ex-PayPal and ex-Prosper execs (with Silicon Valley connections), the more folks who will guarantee a portion of your loan, the high your debt and the … Continue reading

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Bringing “Bad Boy” Waivers Into the Light

Rep. Maxine Waters (D-CA) is talking about introducing a bill that would crack down on SEC’s “bad boy” waivers that have been handed out to the money center banks recently. The proposed legislation is apparently going to make waiver requests, … Continue reading

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