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The banks disclosed this week that they are under scrutiny for conduct that may have harmed consumers. The timing raises questions about whether the Consumer Financial Protection Bureau under President Biden is poised to bring more enforcement actions against large banks than it did under Trump-appointed Director Kathy Kraninger.
May 7
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The visibility of automated transactions provides a clear view of the flow of transactions, says Hummingbird's Joe Robinson.
May 7
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Working with different fintechs, clothing seller Universal Standard has sped up its supply chain and photographer Matt Cameron has created a steady flow of client endorsements.
May 7
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Critics say the regulation issued by the Office of the Comptroller Currency is a gift to predatory lenders. But the trade organizations warned lawmakers that invalidating it will make it difficult for the agency to create an improved framework in the future.
May 6
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Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.
May 6
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It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6
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It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.
May 6 -
FIS is planning to follow the integration of its Worldpay acquisition by adding hundreds of new sales people to bring the combined companies' technology to a wider market.
May 6 -
Fintech companies in Africa raised more capital despite the COVID-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline.
May 6
