Wall Street banks are expected to face more than $1B in fines over traders’ use of private messaging apps.
Square sellers in the UK can now offer Clearpay online and in-store—building on the Afterpay rollout in the US and Australia.
Mercado Coin can be used for Mercado Libre purchases. Combining its ecommerce platform and financial products takes the company a step closer to super app status.
Upstart’s Referral Network will direct applicants to Alliant’s membership process, giving them easier and wider access to loan approvals and other banking services.
Banks and FIs that don’t clearly communicate their NSF fee practices risk disciplinary action.
The FCA warned BNPL firms over “misleading adverts” and threatened breachers with criminal action.
On today's episode, we discuss what recent funding and valuation drops mean for fintechs, which categories are getting hit the hardest, and what fintechs should do now. "In Other News," we talk about the significance of the recent Coinbase-BlackRock partnership and how the Consumer Financial Protection Bureau plans to level the playing field between banks and nonbanks. Tune in to the discussion with our analysts Eleni Digalaki and Tiffani Montez.