News Topic: Fintech

With Congress deadlocked on a future for Fannie Mae and Freddie Mac, the administration is prepping to move by itself. ... Read full article

Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app. ... Read full article

Outages last week at Chime and Varo Money have executives on the defensive. ... Read full article

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week. ... Read full article

Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week. ... Read full article

The judge sided with the New York Department of Financial Services, which had sued the OCC over the proposed charter. ... Read full article

The service from Evolve Bank & Trust and Branch lets workers access a piece of their next paycheck to meet unexpected expenses. ... Read full article

The big five banks had divergent results; San Francisco Fed publishes 18 papers on the dangers posed to businesses and communities by climate change. ... Read full article

Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more. ... Read full article

The fintech provides API support to Chime, Varo Money and other challenger banks. ... Read full article

As the administration gears up to end a decade of government control of Fannie and Freddie, are there any good options? ... Read full article

Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor. ... Read full article

The bank is providing a point-of-sale loan to women seeking IVF treatments and getting funds to clinics, in some cases, within 24 hours. ... Read full article

Companies are turning off prospective customers and employees with misguided approaches. ... Read full article

Community banks and credit unions are eager to innovate, but technology upgrades must be done first, says Bruce Lowthers, FIS banking solutions president. ... Read full article

BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories. ... Read full article

The company has rolled out an online platform for firms considering marketplace loans as an asset class. ... Read full article

The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process. ... Read full article