Archive: September 28, 2017

1
Marketplace lender seeking fair lending guidance receives CFPB’s first no-action letter
2
What you need to know about capital raising with ICOs (Business Bytes video)
3
ASIC releases its guidance on ICOs

Marketplace lender seeking fair lending guidance receives CFPB’s first no-action letter

By David D. Christensen, Jennifer Janeira Nagle and Brandon R. Dillman

The U.S. Consumer Financial Protection Bureau (CFPB) recently issued its first no-action letter, pursuant to a policy designed to encourage innovation in the fintech marketplace by creating a testing ground for new technologies. If received, a no-action letter simply indicates that the CFPB “has no present intention to recommend initiation of an enforcement or supervisory action” against the applicant with respect to the specific product and regulatory concerns at issue.

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What you need to know about capital raising with ICOs (Business Bytes video)

There is a lot of noise surrounding capital raising with Initial Coin Offerings (ICOs) and there are updates almost daily from regulators around the globe. For instance, the Australian Securities and Investments Commission (ASIC) released their views on ICOs today (see ‘ASIC releases its guidance on ICOs‘), while China has recently banned this new form of capital raising.

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ASIC releases its guidance on ICOs

By Jim Bulling and Felix Charlesworth

On 28 September 2017, the Australian Securities and Investments Commission (ASIC) released Information Sheet 225 which provides its view on initial coin offerings (ICOs) and their application in relation to the Corporations Act 2001 (Cth).

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