Fintech

Community bank, fintech team up to serve gig-economy workers

08/10/20

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services.

[more]

Customers Bancorp in Pennsylvania divesting BankMobile

08/06/20

The digital bank would merge with Megalith Financial to create a new publicly traded company that would offer licensed products and services.

[more]

Rellevate, challenger bank for the working poor, goes live

08/06/20

The digital bank founded by a former Western Union president offers tools to help low and moderate income people.

[more]

EBay offering loans to merchants through partnership with LendingPoint

08/05/20

The e-commerce site and online lender have teamed up to let eBay sellers borrow up to $25,000.

[more]

This fintech didn't let a crisis go to waste

08/05/20

Tresl CEO Christine Pierson says the specialty finance firm has turned challenges into opportunities during the pandemic, including expanding recruitment nationally since new hires can work from home.

[more]

Why an OCC payments charter may not become reality

08/05/20

Just as legal limbo has threatened the agency’s long-running effort to create a fintech license, a charter unique to payments companies could face a court challenge, observers say.

[more]

Better data is key to beating bias in small-business lending

08/05/20

The increased use of technology, along with holistic data points, can eradicate racial and gender disparity for fintech lenders in small business, says Become’s Eden Amirav.

[more]

Banks, fintechs must reframe data privacy debate

08/04/20

Financial firms could lose access to data that’s critical to their businesses if Congress passes a privacy bill. To change lawmakers’ minds, they need to show how data in the right hands has the power to improve customers’ lives.

[more]

State regulator group, others back lawsuit against OCC fintech charter

07/31/20

The Conference of State Bank Supervisors, banking law scholars and consumer advocacy organizations filed amicus briefs siding with the New York State Department of Financial Services in its court battle with the federal regulator.

[more]

House bill aims to rein in pricey small-business loans

07/31/20

The legislation proposed by Rep. Nydia M. Velázquez, D-N.Y., goes further than recent state efforts to require better disclosures for high-cost lenders, but it would face an uphill battle in the GOP-controlled Senate.

[more]