1/16/2024 5:04:23 PM 'Very good chance' US will pass stablecoin laws in 2024: Circle CEO By FinTech Collective Jeremy Allaire, the CEO of USDC-issuer Circle, said there is a “very good chance” that the U.S. government will pass stablecoin laws this...
6/22/2023 4:46:24 PM Powell: Stablecoins are a ‘form of money’ the Fed needs to regulate By FinTech Collective Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee Wednesday to discuss the state of monetary...
3/16/2022 10:31:09 PM Onuu raises $6m in Seed funding By Kate Wang Texas based fintech for users of modest means raised $6m in Seed funding led by Leap Global Partners.
12/17/2021 1:52:38 PM Chime rolls out cash deposits at Walgreens By Carlos Alonso Torras This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location.
4/30/2021 4:17:03 PM Affluent Americans rush to retire in new ‘life-is-short’ mindset By Carlos Alonso Torras The unprecedented surge in shares and home values during an economic crisis is easing the retirement path for those who have savings and...
1/8/2021 4:51:28 PM BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA By Carlos Alonso Torras BBVA told users of Simple — the pioneering mobile and online banking app that it acquired for $117m in 2014 — that it is planning to shut...
11/20/2020 1:56:32 PM PNC Strikes $11.6 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA By Gareth Jones The transaction, one of the biggest banking deals since the 2008 financial crisis, would create the nation’s fifth-largest retail lender,...
11/13/2020 2:09:17 PM Businesses everywhere, get ready to disclose your climate risk By Carlos Alonso Torras Two of the world’s major economies, the U.S. and the U.K., moved this week to make climate change-related risk disclosures the norm.
9/11/2020 3:02:16 AM Mortgage Refinancings Boom, Even as Coronavirus Hits Economy By Gareth Jones The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as...
8/14/2020 4:30:07 PM Borrowers Face New Fee to Cover Heightened Risks By Gareth Jones Fannie Mae and Freddie Mac, which back nearly half of the $11 trillion U.S. mortgage market, said late Wednesday that they would begin...
7/2/2020 8:11:57 PM ‘Flying Blind Into a Credit Storm’: Widespread Deferrals Mean Banks Can’t Tell Who’s Creditworthy By Gareth Jones Bankers are tightening lending standards and looking for new data, like that provided by portfolio company Plaid, to help them figure out...
6/5/2020 9:12:59 PM Wall Street Relief Tops Regulator’s Agenda After Virus Response By Gareth Jones U.S. bank regulators are poised to resume easing Wall Street rules after spending the past few months carrying out emergency actions to...
6/3/2020 2:45:55 PM US-Mexico-Canada Agreement – paving way for cross-border fintech sandbox By Carlos Alonso Torras The United States-Mexico-Canada Agreement (USMCA) provides for financial and digital trade regulations that harmonize the treatment of...
5/7/2020 5:09:46 PM U.S. lags behind 7 leading 5G countries in download speeds By Carlos Alonso Torras Opensignal reveals that average U.S. 5G download speeds are still hovering below the country’s typical Wi-Fi speeds, an issue mostly...
4/10/2020 5:28:08 PM Most Insurers Won’t Touch Coronavirus Coverage for Businesses. In China, It’s Easy to Get. By Gareth Jones Since February, dozens of Chinese property-and-casualty insurers have rolled out new policies or expanded existing ones to provide...
7/12/2019 10:59:51 PM European challenger bank N26 launches in the U.S. By Carlos Alonso Torras The European mobile banking startup with more than $500m in funding from big-name backers including Peter Thiel’s Valar Ventures and...