Fintech

FDIC floats certification program for fintechs working with banks

07/20/20

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.

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Which fintechs will survive the pandemic?

07/20/20

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

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Bank of the West launches eco-friendly checking account

07/20/20

The new consumer deposit product will provide customers a snapshot of the carbon impact of their purchases and offer other incentives to entice the environmentally conscious.

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Lawmakers grill Robinhood following 20-year-old trader’s suicide

07/17/20

Members of Congress question whether the company is doing enough to protect inexperienced customers engaging in high-risk investing.

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Banks and fintechs need each other more than ever

07/16/20

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions.

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Lawsuit against Plaid heightens focus on data privacy issues

07/13/20

A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately aims to sell the data to others. Plaid, which has agreed to be sold to Visa, denies the allegations.

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Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week

07/11/20

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.

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U.S. Bank partners with online academy on 'mini MBA' program for teens

07/09/20

The Minneapolis bank's U.S. Bank Foundation is helping Girls With Impact expand its programming to participants in New York City.

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Supreme Court ruling eliminates autodialer use for FHA, VA collections

07/06/20

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection.

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‘There will be hundreds of fintech failures’

07/06/20

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

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