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Lending Club Discussion => Investors - LC => Topic started by: Gatsby on November 09, 2016, 04:22:07 PM

Title: New President - What does that mean for FinTech?
Post by: Gatsby on November 09, 2016, 04:22:07 PM
This article says Trump will be good for FinTech https://techcrunch.com/2016/11/09/what-does-a-president-elect-trump-mean-for-silicon-valley-nothing-very-good/

"The proposed gutting of the Consumer Finance Protection Board, will likely mean that fintech companies will have an easier go of it (especially lenders)."
Title: Re: New President - What does that mean for FinTech?
Post by: Fred93 on November 09, 2016, 05:09:19 PM
Moderating regulation will be good for all business, which is good for all jobs.
Title: Re: New President - What does that mean for FinTech?
Post by: rawraw on November 09, 2016, 05:14:00 PM
I just don't see fintech escaping regulation.  If it isn't the CFPB, it'll be someone else.  There are already laws on consumer contracts, so it's just a matter of enforcement.  This probably does reduce the likelihood of new regulations though.  My screen was all green today because financials loved this election apparently
Title: Re: New President - What does that mean for FinTech?
Post by: Rob L on November 09, 2016, 05:55:39 PM
Hey, look at the bigger picture than CFPB. The election result was a "surprise-a-mental" (term credit Ed Seykota).
Treasury bond yields soared today (they've been headed up since they bottomed in July).
Yield curve steepened big time.

This link will change over time. Today is 11/9/2016.
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield)

Interest rates are headed up. If you have a home mortgage, hope it's fixed rate.
Oh, yeah, bank stocks soared too (rising rates are very good for bank profits). Bets are being made.
Things are very different today than yesterday. Good or bad for FinTech? Guess we'll find out.


Title: Re: New President - What does that mean for FinTech?
Post by: Booleans on November 10, 2016, 01:16:16 PM
Hillary Clinton did say she wanted a "Manhattan Project" to break encryption. Not breaking encryption keeps FinTech companies more secure. I am not sure of Trump's position on cryptography though or if he has one at all.
Title: Re: New President - What does that mean for FinTech?
Post by: yojoakak on November 10, 2016, 01:37:33 PM
I am not sure of Trump's position on cryptography though or if he has one at all.

"I have a son—he's 10 years old. He has computers. He is so good with these computers. It's unbelievable."
Title: Re: New President - What does that mean for FinTech?
Post by: Booleans on November 10, 2016, 02:21:28 PM
I am not sure of Trump's position on cryptography though or if he has one at all.

"I have a son—he's 10 years old. He has computers. He is so good with these computers. It's unbelievable."

That is about what I suspected unfortunately.
Title: Re: New President - What does that mean for FinTech?
Post by: Rob L on November 10, 2016, 06:31:00 PM
If quantum computing becomes a reality current encryption becomes child's play.
On the other hand quantum encryption is theoretically unbreakable.
Spy vs Spy (Mad magazine).