Fintech

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.

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It's official: Varo Money has national bank charter

07/31/20

"We can control our destiny," says Colin Walsh, CEO of the challenger bank, which spent more than three years seeking to become a full-fledged bank.

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Fintech lender Affirm mulling IPO; Fannie, Freddie profits improve

07/31/20

The online installment lender could be worth as much as $10 billion; the GSEs' net income jumped sharply from the first quarter after the rebound in the housing market.

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ZenBusiness buys Joust, challenger bank for freelancers

07/30/20

ZenBusiness, which provides services to small businesses, will now offer banking along with tax, accounting and insurance help.

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No shortage of ideas for CFPB data-sharing rules

07/30/20

Banks, data aggregators and fintechs have clashed for a decade over how consumers’ bank account data should be shared with third parties. The agency says it will offer a plan, and industry officials have plenty of suggestions already.

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IPO done, nCino now has to prove it can turn a profit

07/28/20

The pressure is on the fintech, which helps banks make digital loans, to stanch its losses and show its lofty market valuation was deserved.

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Contactless payments will miss the boat without 'in time' funding

07/28/20

Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, Vidya Peters of Marqeta writes.

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TD hires Chase exec to drive fintech partnerships

07/27/20

TD Bank has hired Jyotsana “Jo” Jagadish to head commercial operating products and payment innovation, where she will oversee TD’s expanding fintech partnerships.

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Can fintechs help plug banking gaps for struggling Black consumers?

07/27/20

Current, Stoovo and other companies are reaching out with low-cost, low-fee financial services and even tools to help users search for part-time jobs.

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CFPB to propose rules for how companies access customer data

07/24/20

The agency plans to issue an advance notice of proposed rulemaking dealing with efforts by fintechs and data aggregators to leverage a consumer's bank account information.

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