Square

Charter or not, fintechs are already ‘banking’

11/22/19

A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be ‘better the devil you know than the devil you don’t.’

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14 years after Walmart, banks face a new ILC bogeyman

10/24/19

The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.

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Praise and scorn for California's new business loan disclosure plan

08/18/19

Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.

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Mortgage servicer AmeriNat refiles for industrial bank charter

08/14/19

The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.

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GreenSky exploring potential sale after earnings disappoint

08/06/19

The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.

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Latest to seek ILC charter is Japanese e-commerce firm

07/26/19

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles.

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Square sued over privacy issues; Banks eye Australia market

07/02/19

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

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Biggest changes in digital banking are just ahead

06/19/19

Many might think that the technological disruption of the industry is already underway, but it’s likely that the most significant restructuring is still yet to come.

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Citigroup insider trading leak alleged; Square works to reduce receipt snafus

06/04/19

Employee may have leaked information about upcoming deals; company says it’s rare that the wrong person gets email receipt, but it's looking to improve.

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Small businesses turning far more often to online lenders: Fed

04/16/19

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

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