This paper studies outcomes for borrowers who take out credit card consolidation loans from marketplace lenders, finding evidence some borrowers are left worse off.
Sudheer Chava, Nikhil Paradkar
This paper provides an overview of the challenges and implications for the supervision and regulation of financial services with regards to the opportunities presented by BDAI technology: the phenomena of big data (BD) being used in conjunction with artificial intelligence (AI). The paper draws from market analyses and use cases to outline potential developments seen from the industry and government perspectives, and the impact on consumers.
Germany’s Federal Financial Supervisory Authority (BaFin)
This paper addresses the challenge to the current financial regulatory regime from fintech firms and data-driven financial service providers. The authors consider new regulatory approaches and propose a a new type of regulatory supervision called ‘smart’ regulation and provides a roadmap to become digitized, and then build digitally-smart regulation.
23 Fordham Journal of Corporate and Financial Law 31-103 (2017)
Dirk A. Zetzsche, Ross P. Buckley, Janos N. Barberis, Douglas W. Arner.
This paper evaluates differentials between borrowers of different races in loan approval rates and pricing between fintech and traditional mortgage lenders. The paper finds that unexplained pricing differentials are smaller among technology-heavy lenders and that such differentials overall have declined as the mortgage industry as increased reliance on algorithmic lending in recent years.
UC Berkeley Public Law Research Paper
Robert Bartlett, Adair Morse, Richard Stanton, Nancy Wallace.
