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The Federal Trade Commission issued an Opinion finding that the data analytics and consulting company Cambridge Analytica, LLC engaged in deceptive practices to harvest personal information from tens […]
Digital only bank Chime is now worth $5.8bn after the company just raised another $500mn; the fresh infusion of capital comes just months after raising $200mn at a $1.5bn valuation in March; […]
A new report out by Jefferies suggests that young people are embracing bank branches despite the rise of digital-only banks; Ken Usdin, Jefferies equity analyst, wrote, “Perhaps surprisingly, […]
According to emails and images seen by Business Insider social investment platform eToro is planning to launch a debit card in 2020; the company is jumping into a market that has become quite crowded […]
Speaking with PYMNTS.com’s Karen Webster, the CEO of Fundbox, Eyal Shinar, believes that the time for change in trade credit is now; there is an estimated $1.3 trillion locked up in U.S. small […]
LendingClub was in a free fall in 2016 after their CEO stepped down amid scandals and conflicts of interest and institutional investors stopped buying loans; the company made a string of new hires at […]
The first wave of fintech in LatAm was digital payments which helped fuel the growth of e-commerce companies like Braspag, PagSeguro, PayU, Mercado Pago and Moip; then came lending and digital […]
Pitchbook is reporting that Mike Cagney’s blockchain-based fintech lending platform, Figure, has closed its Series C with $103 million raised at a $1.2 billion valuation; this is more than […]
Digital wealth fintech Robinhood has passed 10 million accounts, this is up from 1 million in 2016 and 6 million in 2018; “We founded this company to break down barriers to our financial […]
Fortune digs into the causes of the October outage at Chime where, over the course of three days, their debit cards only worked intermittently; since Chime is focused on those people living paycheck […]
Ten years ago 100 percent of the world’s best companies sold goods and services in consumer goods, retail and oil & gas; only 50 percent of the top companies are still doing this and the […]
The Consumer Financial Protection Bureau (Bureau) issued a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule (Rule). […]
Five Federal financial regulatory agencies issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms. […]
CFPB announced the panels for its December 10, 2019 workshop, cohosted with the Federal Trade Commission (FTC), to examine issues affecting the accuracy of traditional credit reports. […]
The Consumer Financial Protection Bureau announced settlements with Edmiston Marketing, LLC, also called Easy Military Travel, its principal, Brandon Edmiston, and USA Service Finance, LLC (USASF). […]
The Consumer Financial Protection Bureau (Bureau) filed a proposed stipulated judgment with Sterling Infosystems, Inc. to resolve allegations that Sterling violated the Fair Credit Reporting Act […]
Director Kraninger's remarks at the TCH-BPI conference. […]
The Consumer Financial Protection Bureau (Bureau) released today a report examining the differences between large and small mortgage servicers. The report explores the role servicers of different […]
The Consumer Financial Protection Bureau (Bureau) is requesting public comment on an assessment it will conduct on the TRID integrated disclosure rule (the Truth in Lending Act and Real Estate […]
The Consumer Financial Protection Bureau (Bureau) issued today an interpretive rule clarifying screening and training requirements for financial institutions which employ loan originators with […]