Mary Wisniewski is an editor for Bankrate but she can’t quit covering fintech every now and then. Before Bankrate, she covered fintech for American Banker. Other current interests: her maltipoo, bourbon, Matthew McConaughey and parking lots.
This is a drama within a drama to zoom in on: Robinhood is banning new trades for GameStop. It’s a very controversial move. Case in point: Saira Rahman, vice president of finance for HMBradley, tweeted: “What’s happening right now is shady af.”
Robinhood has added new limits to its app to restrict users from buying or trading any of the popular Reddit r/WallStreetBets stocks, including GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath Beyond...
California consumer agency strikes data-sharing deal with fintech companies
A fintech trend perking up in recent years has involved tech that lets you access portions of your paycheck early when money is tight. Regulators have scrutinized how these companies’ business models work. Here’s the latest in the saga.
California’s newly empowered consumer protection agency signed a data-sharing deal with several financial technology companies in an effort to better …
Did mobile banking just get easier?
The Clearing House has long wanted to make the way we share bank data with apps like Venmo or Mint safer. Now, it’s offering a service to help banks assess the risk of companies that let us do that. For you, it could make it easier to use fintech apps.
The three banks have joined others in a program endorsed by The Clearing House that aims to make data-sharing agreements with aggregators like Plaid …
Chase is planning to launch a digital bank in the U.K.
Chase is readying to launch a digital bank in the U.K. We have seen this movie before in the U.S. and it proved to be a flop (re: Finn). But it’s worth watching: Chase is gunning for a market known for being more cutting-edge in fintech than the U.S.
JPMorgan Chase & Co., the largest U.S. lender, is launching a digital bank to offer consumer banking services in the U.K. for the first time. The new bank will bear the Chase brand and will be based in...
Switching banks may become easier
Yes, a press release of sorts can be worth reading. Plaid’s deposit switch feature could make it easier for you to switch banks. Challenger banks will go gaga over a feature like this because they all want to be your primary bank (transaction: the bank where your direct deposit goes).