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Fintech Market Overview

This article does not constitute legal advice.

Lending in the USA

Fintech Software

Organizations operating in the fintech sector depend on the exploitation of their clients' financial and personal data. For this reason, they should comply with the Fair Credit Reporting Act (FCRA).1

Currently, three forms of lending continue to gain popularity among American bank customers, including peer-to-peer lending, social-lending, and crowd-lending. These operations can successfully substitute for standard bank loans. Anyway, most laws aimed at protecting clients engaged in contracting conventional loans are applicable to borrowing money by means of e-lending resources. Among them are the Truth in Lending Act, the Equal Credit Opportunity Act, and the Fair Debt Collection Practices Act. The regulatory structure bearing responsibility for enforcement of the above-mentioned laws incorporates the CFPB and the Federal Trade Commission.1

The selected business framework affects the legal activity of loan providers through their compliance with the Federal Reserve, the FDIC and the OCC. Additionally, credit investors should abide by the legislation of the state where they operate, namely state consumer protection laws, like legal codes prohibiting malpractice, deceptive, or improper actions, as well as local licensing requirements to serve as lenders, brokers, or debt collectors.1

Payment services in the USA

Fintech in the USA

Fintech in other countries

Let's introduce you

US Fintech Lawyers

Roman Buzko

Roman Buzko

Registration, regulatory advice, investment transactions and dispute resolution.

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Silvia Calls

Silvia Calls

We work for international SMEs, startups and Telco's

Fintech investors from the USA

2048 Ventures

2048 Ventures

We are a team of experienced operators and dreamers who are passionate about working with founders at the earliest stage

First Check Ventures

First Check Ventures

Our syndicate is focused on investing in early stage startups across the globe

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/usa
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