The Los Angeles fintech, which hosts a marketplace where people lend to one another, is moving forward and working to set up a "lending DAO" as it deals with questions about its tipping model.

Officials say the decision to call off the acquisition, first announced in January, was mutual.

The company told consumers they were pre-approved for credit cards. For some such offers, a third of applicants were denied, according to the FTC.

Marcus and Upstart are two companies that got high marks for customer satisfaction from J.D. Power but rely on digital methods to reach and underwrite borrowers.

Zepz Group, the U.K. financial technology startup and parent of the payments company WorldRemit, has named Mark Lenhard as its new chief executive, replacing Breon Corcoran.

Interest-free credit and fast approval make BNPL an attractive payment option for consumers, who are increasingly using short-term installment credit to manage their cash flow when paying for immediate, small-dollar purchases.

The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history.

Mos, a company that started out helping students find financial aid, is embellishing its banking features with cash advances, gig finding help and financial advice.

Despite facing backlash last year after erroneously closing some customer accounts, the fintech continues to generate buzz.

The Federal Reserve Board's new guidance comes as the central bank is slated to decide whether to grant Custodia, a Cheyenne, Wyo.-based crypto firm, a master account.