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Fintech

Fintech
·Feb. 8, 2022

What is a “junk fee?” CFPB’s inquiry sparks industry backlash

CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.
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Fintech
·Feb. 8, 2022

US Department of Treasury Reports on Money Laundering in the Art Market, NFTs May Present New Risk

US Department of Treasury Reports on Money Laundering in the Art Market, NFTs May Present New Risk. | Crowdfund Insider: Global Fintech News, including
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Fintech
·Feb. 8, 2022

Regulators Urged to Ban Predatory FinTech Loans

A coalition of advocacy groups wants U.S. regulators, including the FDIC, to look into banks partnering with FinTechs to charge predatory interest rates.
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Fintech
·Feb. 8, 2022

Climate fintech funding 3x higher than all previous years combined

According to CommerzVentures’ second report on climate fintech, venture capital (VC) funding for fintechs driving net-zero economies hit a record high in 2021.
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Fintech
·Feb. 8, 2022

FDIC chair lauds agency’s resolve in final speech

The crisis "unlike any other" that Jelena McWilliams referenced Thursday is COVID-19 — and the regulator's response to it — not the unusual political squabble that spurred her exit.
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Fintech
·Feb. 8, 2022

“The Klarna Card Could Become a Dangerous Piece of Plastic”

Klarna announced the launch of a physical Klarna card in the UK, allowing consumers to pay later for their purchases in physical stores.
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Fintech
·Feb. 8, 2022

Amount acquires Linear Financial Technologies

Amount announced today the acquisition of Linear Financial Technologies (“Linear”), the premier SMB loan and account origination platform.
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Fintech
·Feb. 8, 2022

Chargebee raises $250m amid rise in subscription economy

Chargebee said the funding will be used to fund product innovation and help its global ambitions as well as support the billing and revenue needs of current and future subscription businesses.
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Fintech
·Feb. 8, 2022

African Crypto Exchange Luno Explores US Push

As the biggest cryptocurrency exchange in Africa, Luno may push into the U.S., which has one of the world’s largest segment of digital asset investors.
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Fintech
·Feb. 8, 2022

British FinTech Railsbank Looks to Raise $100M

London-based FinTech Railsbank, which offers digital banking services, is now closing in on unicorn status as it looks to raise $100 million in new funding.
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