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Blockchain technology still has not proven itself invaluable to cross border transactions and remittance, but it's turning enough heads that Western Union has begun investing in its possibilities.
May 5 -
Prosper Marketplace's decision to eliminate 22% of its workforce is more evidence that the bloom is off the rose for a sector that had been enjoying astronomical growth.
May 4 -
Despite having fewer prepaid cards in the market, Green Dot delivered a first quarter that exceeded its executives' expectations with $78.3 million in adjusted earnings.
May 4 -
Shares in Bank of the Ozarks slid Wednesday after an investor known for shorting stocks warned about risk in the company's construction portfolio. The stock recovered some by the end of trading, and several analysts said the concerns are unfounded.
May 4 -
TransferWise, which has been developing an anti-bank brand, now says it wants to partner with banks to expand its reach in the U.S.
May 4 -
New rules have made it more challenging to originate mortgages without drawing attention from regulators. Mercantile Bank in Michigan, however, believes that positive trends in its biggest markets are incentive enough to hire lenders and improve its systems.
May 4
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Bitcoin payments company BitPay has partnered with the payments giant to launch a co-branded debit card allowing U.S. consumers to spend the digital currency at Visa merchants,
May 4 -
The Treasury Department will release a white paper next week outlining "research and recommendations' related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry.
May 4 -
The hits that alternative lenders like OnDeck Capital are taking shouldn't be a surprise for an industry built on unsustainable business models.
May 4
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A phone billing company will pay $5.2 million to resolve Federal Trade Commission charges that it violated a court order that settled earlier charges of phone bill cramming by the FTC.
May 4
