A new report is out from Oxford Economics which found that a decade after the financial crisis, small businesses are...
The House Financial Services Committee will have hearings next month to address regulations related to loans being sold across states;...
Real estate brokerage Redfin piloted a program in Boston that allowed unrepresented homeowners to sell homes through their website; sellers...
According to Bloomberg, Google is working on its own blockchain technology in their cloud business; the distributed ledger would allow third parties to post and verify transactions and will also offer a white-label product for companies; Google has also been active in acquiring and investing in startups according to the source. Source
While the promise of a flood of new products that would create the biggest shake-up in retail banking in decades hasn’t...
Many were looking forward to Robinhood launching into the UK market as they would compete with companies like Freetrade and...
Bitcoin rose 5 percent yesterday to $10,300, which is a five-month high, after comments from Federal Reserve Chair Jerome Powell...
The new CFPB director Mick Mulvaney is planning to rollback a key regulation that will allow payday lenders to charge very high interest rates; the current rule was set to be enacted soon and allow for lenders to become compliant by the middle of 2019; the rule limited the amount of money or the amount of times a person could borrow from these short term lenders; with the removal of the rule payday lenders can go back to operating like they did prior to the CFPB; many fear that lower income Americans will become mired in debt. Source.
Personal Capital is a personal financial management tool that launched ten years ago; the company saw 23% annualized growth in...
FinLab aims to help fintech startups that are helping American consumers; it is funded through a five-year grant from JPMorgan; in total 26 companies have worked or are working with Finlab; TechCrunch profiles how the innovation lab works which includes programs to help startups understand how the banking industry works and meetings in Washington with regulators. Source