fdic News of 04/09/20
Recommendations For Fintech Startups Navigating The Procurement Process
Marc Gilman Contributor Share on Twitter Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by ...
Remitly Launches Passbook, A Neobank Aimed At Immigrants, To Expand Beyond Money Transfers
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a ...
Upstart Banking Company Dave Is Now Worth $1 Billion, As Norwest Puts In $50 Million
Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. ...
Robinhood’S 3% Interest Checking & Savings May Not Be Properly Insured
Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership ...