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USA

FintechNews RoundupUSA
·Jun. 26, 2019

Small Banks Grapple with Vendor Contracts

In the last 5 years HarborOne Bancorp has converted from a credit union to a mutual bank, became 45 percent...
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FintechNews RoundupUSA
·Jun. 26, 2019

Varo Money Shuts Consumer Lending Division

Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...
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FintechNews RoundupUSA
·Jun. 26, 2019

Libra’s Partners Seem to be Just as Wary as Regulators

The New York Times reports that 7 of Libra’s partners are quite wary of the new project; according to the...
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FintechNews RoundupUSA
·Jun. 27, 2019

Chase Unveils Flagship Branch in NYC

Chase recently made the news after shutting down Finn, their mobile banking brand; the bank has now shared with the...
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FintechNews RoundupUSA
·Jun. 27, 2019

BankMobile Launches Student Loan Refinancing Platform

Digital bank BankMobile has partnered with LendKey to launch a new student loan refinancing program; LendKey is a lending-as-a-service platform...
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FintechNews RoundupUSA
·Jun. 27, 2019

SoFi Completes First Offering of Pass-Through Certificates

The $200 million offering included post-graduate student loan asset-backed certificates; they were rated single-A by DBRS; this is the first...
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FintechNews RoundupUSA
·Jun. 27, 2019

Traditional Banks Learning Valuable Lessons From Fintechs

The growth of fintech has already had a tremendous impact on the banking system; but the business model for many...
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EuropeFintechNews RoundupUSA
·Jun. 28, 2019

Announcements & Releases for June 28, 2019

U.S. Fintech ConnexPay Secures $7 Million Through Series A Funding Round Deep Dive: Small and local banks drive some of...
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FintechNews RoundupUSA
·Jun. 28, 2019

How JPMorgan’s Finn was Shuttered in Two Years

Business Insider takes a look inside JPMorgan Chase and how the company’s digital only bank Finn was shut down just...
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FintechNews RoundupUSA
·Jun. 28, 2019

California Set to Cap Interest Rates on Installment Loans

The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
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