Jan 22, 2020 | FinTech, News
New Venture Capital Fund to Target Fintechs Working with Banks Earlier today, Gene Ludwig, who served as Comptroller of the Currency under President Clinton from 2993 to 1998, and Chip Mahan, CEO of Live Oak Bancshares, announced a $545 million investment fund which...
Jan 3, 2020 | Banks & Credit Unions, FinTech, News
TransUnion researchers analyzed macroeconomic conditions and their impact on credit cards, personal and auto loans, and mortgages to predict that 2020 will be a good year for consumer credit, with low delinquencies and strong growth for most sectors. This prediction...
Dec 6, 2019 | FinTech, News
According to Federal Reserve Chairman Jerome Powell, the United States at present has no plans to create a digital currency. In a letter to Rep. French Hill (R-Ark.), Powell said that such a currency would be difficult for the U.S. central bank to adopt as many...
Dec 3, 2019 | Banks & Credit Unions, FinTech, News
According to a survey by Promontory International Network, about 26 percent of community bankers consider big technology companies like Google and Amazon to be the main threat to their business. Tech giants rated more than double the 11 percent of community bankers...
Nov 26, 2019 | FinTech, News
A few months ago, Apple made big waves in the financial services sector when it launched Apple Card, a product it bills as “A new kind of credit card. Created by Apple, not a bank.” Facebook, too, has looked to get into finance with the launch of Libra, a digital...
Nov 15, 2019 | Congressional Legislation, FinTech, News
U.S. Rep. Jesus “Chuy” García (D-Ill.), who represents parts of Chicago and its suburbs, has drafted three bills aimed at keeping big tech companies like Facebook, Google, and Amazon out of the financial services industry. He says that his plan is to prohibit...
