cryptocurrency

Rise of fintech weakens law to prevent lending discrimination
The number of bank branches with a Community Reinvestment Act obligation to provide loans and other services is falling

The growth of online banking has poked some holes in the Community Reinvestment Act. (Ali Balikci/Anadolu Agency/Getty Images file photo)

As online banking threatens to make in-person banking at brick-and-mortar branches as archaic as video rental stores, it may do the same to a 1977 law created to counteract decades of underinvestment in minority neighborhoods.

The Community Reinvestment Act was Congress’ response all those years ago to redlining — the practice of discriminatory lending that denied or offered more expensive credit to minorities and the poor and led to urban blight and white flight from city centers.

Fintech Beat explores how Uber is much more than a ride sharing company
Uber meets Fintech, Ep. 23

A man waits for a ride-hailing service at Ronald Reagan Washington National Airport. (Photo By Tom Williams/CQ Roll Call)

What is Uber? It's not just a ride share company and definitely more than a technology company. Increasingly, it's a fintech company, too. We speak to the CEO of Uber Payments LLC and Uber's associate counsel to explore the company's identity. 

Fintech Beat examines Block.one's settlement with the SEC
Fintech Beat, Ep. 22

U.S. Securities and Exchange Commission at the SEC in Washington. (Photo By Bill Clark/CQ Roll Call)

Uncertainty is the bane of the crypto industry, with limited predictability about the scope of securities laws. That's because there is little agreement on when a cryptocurrency is considered a security. Block.one found out the hard way. Fintech Beat explores what the company's settlement with the SEC means.

Fintech Beat explores the difference between ‘good’ and ‘bad’ money
Fintech Beat, Ep. 21

Fintech Beat sits down with the one of the IRS's top crypto cops
Fintech Beat, Ep. 20

The Internal Revenue Service building is pictured in Washington (Photo by Caroline Brehman/CQ Roll Call)

Fintech Beat explores the ABC's of fintech investing
Fintech Beat, Ep. 19

Stock market data growth chart graph investment finance analysis fintech financial district

The Comptroller of the Currency
Fintech Beat, Episode 17

Joseph Otting, Comptroller of the Currency, prepares to testify during a House Financial Services Committee hearing in Rayburn Building titled "Financial Industry Regulation: the Office of the Comptroller of the Currency," on June 13, 2018. (Photo By Tom Williams/CQ Roll Call)

Fintech Beat explores the relationship between hip-hop and crypto
Fintech Beat podcast, Ep. 16

Grammy award winning hip hop star T.I. (a.k.a. Clifford Joseph Harris Jr.) talks to the media as he arrives on the "green carpet' at the 9:30 Club to participate in the Hip Hop Caucus' event to launch their get out the vote campaign on Monday, July 28, 2008.

IMF embraces new central bank digital currencies
Fintech Beat, Episode 15

IMF officials talk digital currency in the latest Fintech Beat podcast. (Credit: krblokhin/ iStock)

Senate Banking members take skeptical look at cryptocurrencies
Blockchain firms have tried selling lawmakers on the potential for dramatically reduced transaction costs.

Senate Banking Chairman Mike Crapo, R-Idaho, sees data privacy as one of the primary risks. (Bill Clark/CQ Roll Call file photo)

Concerns over data privacy and skepticism about just how unique and beneficial cryptocurrencies and other blockchain-based digital assets could be dominated Tuesday’s Senate Banking Committee hearing on regulating the new technology.

“This new digital currency and blockchain technology is a very real — and potentially helpful — innovation,” said Chairman Michael D. Crapo, R-Idaho. “It’s also potentially harmful as there can be some serious risk involved in it.”