A great thing in fintech: The Consumer Financial Protection Bureau (CFPB) is stepping up its enforcement oversight of banks that are “heavily dependent” on overdraft and insufficient funds (NSF) charges after research by the government watchdog found that banks withdrew about $ 15.47 billion in 2019 via these penalties.
Other key fintech developments:
Pay attention to this: Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said innovations around crypto and decentralized finance will not persist outside of public policy.
Source: Media Markets
- Trade even stock volatility.
- Markets tracing go to T + 1.
- Fintech actions see attractive.
- The Fed may speed stimulus cuts.
- SME loans are behind tendencies.
Market moving title: Hedge funds, which use borrowed money to boost returns, took on considerable risk just as the S&P 500 suffered its biggest two-day rout since October 2020. Net leverage, a measure The risk appetite of the industry, which takes into account over short positions, fell to its lowest level in a year this week, according to data compiled by Goldman lead broker Sachs Group Inc.
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