Top Fintech News Stories for October 8, 2020

Here are the most read news stories from our daily newsletter today:

• LendingClub Closing Down Their Platform for Retail Investors – Lend Academy
• Square, Stripe, Intuit, Shopify, Talked SMB Lending at LendIt Fintech 2020 – deBanked
• Small banks turn to German fintech for deposit-gathering help – American Banker
• How Bank of America’s decentralized innovation approach conceives the future – Banking Dive
• A Bedrock Approach To Asset Diversification Is Failing – Bitcoin May Have The Answer – Forbes
• The real cost of overdraft fees – American Banker
• Clearbanc comes for Europe’s venture capitalists with a $645 million fund for e-commerce startups – Business Insider
• Chinese Fintech Company Lufax Plans U.S. IPO – The Wall Street Journal
• Petal seeks borrowers with blemished credit histories – American Banker
• Lydia partners with Tink to improve open banking features – TechCrunch