Fintech

CFPB veteran Fuchs takes on new legal challenges at Plaid

08/20/20

Meredith Fuchs, formerly the top lawyer at the Consumer Financial Protection Bureau, says data aggregators like Plaid "have matured." She will help the company prepare for new data-sharing rules and its pending sale to Visa.

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How COVID-19 cratered customer acquisition, profitability

08/19/20

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones.

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Congress, not the OCC, decides what is and isn't a bank

08/19/20

The Office of the Comptroller of the Currency is overstepping its authority in granting charters to fintechs and other companies that don’t take deposits.

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Online lenders reach landmark settlement with Colorado

08/18/20

Under the agreement, fintechs and their bank partners will have a safe legal harbor to offer loans, as long as their interest rates do not exceed 36% and they meet various other standards.

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Chase, Commonwealth to research how tech affects low-income Americans

08/18/20

JPMorgan Chase is funding a two-year initiative in which nonprofit Commonwealth will study the impact of artificial intelligence and other technologies on financially vulnerable Americans.

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TD payments exec: COVID response breaking barriers, spurring diversity

08/17/20

Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and demands of the pandemic.

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Have banks, fintechs compete to bring banking services to post offices

08/14/20

A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's finances.

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PPP had its strengths. Its successor can be stronger.

08/12/20

A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.

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Using AI to make secondary market for online consumer loans

08/11/20

Theorem is marketing its first-ever securitization of unsecured loans. It uses machine-learning technology to gauge the risk of default, a growing concern during the pandemic recession.

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Amex in advanced talks to buy Kabbage

08/11/20

The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks.

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