In the middle of a pandemic, two remittance startups thrive
Remitly and TransferWise are benefiting from consumers' shift to digital payments and a turn toward banking services as global remittance volumes drop. ... Read full article
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U.K.'s Transferwise, once a rival to banks, launches with U.S. FIs
TransferWise once marketed itself as Robin Hood-style rival to banks. Now it sees itself as an ally. ... Read full article
Otting approved as comptroller; OMB head may lead CFPB too
Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it. ... Read full article