The CPFB is looking into how the bank communicated minimum debit card usage requirements to waive fees in 2016—a potential setback for the bank as it seeks to get out from under its federally mandated asset cap.
Chime to drop “bank” from its promo items: The neobank reached a settlement with a California regulator that took action against it for not having a license—but the ordeal may spur more challengers to acquire banking charters as a way to build trust with customers.
Citigroup mulls entering crypto space: The banking giant is thinking about launching crypto services for clients, such as trading and custody, due to growing demand.
Walmart is acquiring telehealth firm MeMD, giving it an opportunity to grow its healthcare business without expanding its clinics—retail giants offering in-person/virtual care could spell trouble for telehealth vendors like Teladoc.
Virtual trials pave the way for diversity in clinical research: On the back of Science 37’s public debut, we unpack how virtualized clinical trials like it could address the diversity problem in clinical research.
To sell or to stream, that is NBCU’s question: What the media company decides for its regional sports networks all depends on how much faith it has in Peacock to carry the company into a post-TV world.
Roku’s triple-digit growth: In its Q1 2021 earnings, the company reported 101% annual growth in platform revenues, reflecting an overall surge in demand for ad-supported streaming.
Apple set an industry standard with its privacy nutrition labels. Now Google is following suit with new app safety disclosure requirements.
In-store shopping will remain a crucial part of the retail sales funnel in China, even as ecommerce players continue to rack up record gross merchandise value (GMV). Pre-pandemic, ecommerce was already disrupting brick-and-mortar retail, but over the past year, retailers began to innovate more offline, leveraging new and existing technology.
Mother's Day 2021: A new poll found that people responded positively to brands allowing them to opt out of Mother's Day promotions.
Mobile advertising consolidation: Mobile gaming giant Zynga will acquire Chartboost in a move that will let the company reduce costs associated with third-party network fees.
In 2020, digital video ad spending exceeded TV ad outlays for the first time in Canada. Digital video gained the most momentum of any format amid the pandemic last year, growing by 10.0% year over year (YoY). This includes both in-stream video formats (e.g., YouTube ads) and those outstream (ads appearing in social media feeds).
The UK’s under-35s are 21% more likely to want to share bank data to prove their creditworthiness than in May 2020, presenting partnership opportunities for fintechs with lenders.