Amidst this regulatory overhaul, ma

Amidst this regulatory overhaul, many nonbanks are taking
advantage of limited regulatory oversight and banks’ capital
pressures. They are increasingly expanding beyond the realms
of technology and infrastructure-centric payment platforms
to traditional banking products, such as business lending.8
These pressures in commercial lending, combined with low
loan demand, are leading some banks to ease underwriting
standards and loan covenants to remain competitive.9