Tag Archives: money center banks

Big Banks Really Did Abandon Small Business

So, we weren’t imaging it. The Wall Street Journal reports that the 10 largest banks providing loans of $1 Milllion or more (ie, small business loans) cut their lending by 38% from 2006 to 2014. This has opened the door … Continue reading

Posted in Banking, Banks, CFPB, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Dodd Frank, Film, Funding Portals, Jobs, SEC, Small Business, Uncategorized, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

CFTC Settlement Provide for “Bad Boy” Exemptions

It pays to have smart lawyers. Money center banks who have found themselves as the subject of disciplinary orders from the Commodities Futures Trading Commission have settled cases with the inclusion of exemption language that provides them an automatic exemption … Continue reading

Posted in Banking, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, Investments, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Banks Restrict Employee Participation in Crowdfunding

Crowdfunding is now causing issues at the money center banks as Wells Fargo’s ethics office has banned employees from participating in peer-to-peer lending. WF’s rationale is that such lending may lead to a conflict of interest as it is a … Continue reading

Posted in Banking, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment