After decades of bank consolidation, the CFPB and FDIC are requesting public input on guidance for regulating under the Bank Merger Act.
Dec 09, 2021
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Supply chain fintech Tradeshift raked in a $200M round on Thursday of combined debt and equity from a mix of existing and new investors.
Dec 09, 2021
Pepper was born out of a need to modernize the existing systems that were on the market at that time and were plagued with multiple problems.
Dec 09, 2021
The OCC has been working with the CFPB to reform and eliminate overdraft fees in banking, Michael J Hsu, Acting Comptroller of the Currency said.
Dec 08, 2021
Q2 (NYSE:QTWO), a financial services company providing digital banking solutions, unveiled its latest initiate to the Q2 Partner Accelerator Program – ZSuite, a fintech that powers community financial institutions with digital escrow products. Under the partnership, Zsuite will leverage Q2’s Innovation Studio, a program launched by the fintech in June that supplies FIs with customizable […]
Dec 08, 2021
Kabbage, a cash flow management solution provider, announced it is launching a service offering small businesses lines of credit.
Dec 08, 2021
The Consumer Financial Protection Bureau (CFPB) issued a final ruling Tuesday that will progress financial institutions away from the LIBOR index rate for consumer financial products. The CFPB ruled that no new financial contracts may reference LIBOR as the relevant index after the end of 2021, and beginning June 2023, LIBOR can no longer be […]
Dec 07, 2021
LA-based RegTech Hummingbird announced it raised a $30 million Series B round led by Battery Ventures on Tuesday. The raise brings the four-year-old startup’s total venture-backed funding to $41.8 million as it works to modernize risk and compliance systems.
Dec 07, 2021
MAJORITY, a leading migrant banking platform in the US, announced raising a $27 million Series A led by Valar Ventures, The company also announced that starting today it will begin rolling out banking membership services to migrants in the country lacking US Social Security Numbers (SSN), in an effort to reach the 5.4% of US households (7.1 million) that are unbanked, according to a FDIC 2019 financial services survey.
Dec 07, 2021
Numerated, a Boston-based SaaS fintech which automates business digital loan origination for banks, announced a strategic acquisition of Fincura Inc., according to a press release shared with FinLedger.
Dec 07, 2021