Building a safety net for when the consumer debt balloon pops
LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe. ... Read full article
LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe. ... Read full article
Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more. ... Read full article
A partnership between the mobile carrier and BankMobile could help stripped-down banking and deposit transfer services find a footing among U.S. customers. ... Read full article
One bank is tracking the habits of its 4.4 million customers, giving them discounts on services if they visit the gym or get a flu shot. Other companies may soon follow suit. ... Read full article
As banks begin to use artificial intelligence in their businesses, they’ll need to consider the potential for bias as well as the impact new technologies will have on workers. ... Read full article
Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster. ... Read full article
Readers this year responded to Mick Mulvaney's leadership at the Consumer Financial Protection Bureau, the banking industry's role in the national gun debate, Rep. Maxine Water's upcoming leadership of the Financial Services Committee, the ... Read full article
Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky. ... Read full article
The biggest question is whether new CFPB Director Kathy Kraninger will deviate from the pro-industry policies of her predecessor, or bring continuity. ... Read full article
Bankers cry foul over Robinhood's checking and savings accounts; Amazon, Google, Apple and PayPal are at odds with big banks over Fed's role in faster payments; Kraninger scraps plan to rebrand CFPB; and more from this week's most-read ... Read full article
Prometheum may succeed whether others have failed because it has attempted to work closely with regulators. ... Read full article
The promotion of “insured” accounts by nonbanks and fintechs is a worrying trend, because it could leave customers falsely believing their accounts are just as safe as FDIC-insured ones. ... Read full article
Readers respond to one fintech startup's tough talk, debate failed plans to change the Consumer Financial Protection Bureau's name, weigh reforms to the Community Reinvestment Act and more. ... Read full article
Among the most innovative CEOs of his generation, the former Umpqua chief and Pivotus founder is taking some of his best ideas to a new fintech as an adviser. ... Read full article
An accusation of sexual discrimination plays out in court for BNP Paribas; Jeffries’ top execs chastise Wall Street men over #MeToo paranoia; blockchain startup loses Blythe Masters; and RBS might make history with a female CEO-CFO duo. ... Read full article
Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players. ... Read full article
The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan. ... Read full article
Though it became official in January in the U.K., most people there don't know what it is, according to a new survey that offers many insights for U.S. banks. ... Read full article
Gagan Kanjlia joins the Santa Clara, Calif.-based Silicon Valley Bank after spending two-plus years as the head of product for OnDeck, an online lending provider for small businesses. Before OnDeck, Kanjlia spent 14 years at Capital One ... Read full article
Robinhood Financial has rebranded its service, deleted tweets about its launch and scrubbed the page from its website. ... Read full article