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Fintech

Fintech
·Feb. 10, 2022

American Express debuts consumer bank account

American Express (NYSE: AXP) today launched American Express Rewards Checking (Amex Rewards Checking), the company’s first all-digital consumer checking account,...
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Fintech
·Feb. 10, 2022

Subprime lender Elevate to pay more than $3.75M to end D.C. interest rate suit

The lender, which was flagged to the FDIC by consumer advocates last week, along with its partner banks, also agreed to waive more than $300,000 in past-due interest fees owed by D.C.-based customers.
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Fintech
·Feb. 10, 2022

Inside Wirex’s crypto strategy for the U.S.

The U.K. fintech sees itself as a competitor to Block and PayPal's Bitcoin-trading operations, with plans to offer Americans banking services such as a savings account in the near future.
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Fintech
·Feb. 10, 2022

Acting FDIC Chair Martin J. Gruenberg Reveals FDIC Priorities for 2022 Including Climate Change, Crypto-Assets

The Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin J. Gruenberg released on February 7, 2022 priorities for 2022.
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Fintech
·Feb. 10, 2022

Buy now/pay later pioneer Klarna faces risk of rising debt costs

The Swedish fintech's funding model is likely to be threatened by higher interest rates in the U.S. and Europe.
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Fintech
·Feb. 10, 2022

House lawmakers spar over stablecoin regulation

"Simply labeling something as stable or overly relying on a one-to-one ratio does not, in itself, mean it maintains a stable value," House Financial Services Committee Chair Maxine Waters, D-CA, said Tuesday.
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Fintech
·Feb. 10, 2022

Here are the Winners of the 2021 LendIt Fintech Industry Awards

LendIt Fintech held the 5th annual industry awards to celebrate the top fintech influencers and innovators.
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Fintech
·Feb. 10, 2022

Digital verification growth will extend beyond epidemic: Cognito CEO

Cognito CEO Alain Meier said the soaring demand for such checks results from more people moving more aspects of their financial lives online.
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Fintech
·Feb. 10, 2022

Podcast 340: CJ MacDonald of Step

Good financial habits should be formed before adulthood. Unfortunately, most schools still don’t spend much time teaching this kind of thing. But the good news is that there are new tools out there today that make it easy for kids to not just learn good habits but to understand what it means to be financially healthy. And how you reach teenagers today is through the phone. My next guest on the Fintech One-on-One podcast is CJ MacDonald, the CEO and […]
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Fintech
·Feb. 10, 2022

Nubank focusing sharply on banking the underbanked despite share softening

Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.
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