In a move that’s set to shake up the financial services industry, Merchant Advice Service has launched The Payments Directory; a first-of-its-kind, solution-led approach that will empower businesses to secure their next best merchant account, unbiased and with unmatched transparency, developed with input from experts who have previously worked on the development of MoneySuperMarket.

Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker

HMBradley, a Santa Monica-based fintech, has eliminated its waitlist and is now open to new users after securing a new sponsor bank. The neobank’s growth had been limited by its former partner, Hatch Bank, which struggled to keep up with the rapid deposit growth. The new partnership with New...

HMBradley Eliminates Waitlist After Landing New Sponsor Bank

Credit unions have long faced challenges in deploying digital lending capabilities that match the efficiency and accessibility of larger banks. Amount, a longtime trusted partner to some of the largest banks in the U.S., is now poised to assist credit unions in modernizing their lending products. With a fresh $30 million in equity funding, Amount is set to expand its digital origination and decisioning platform, specifically targeting credit unions seeking to enhance lending and better serve their members.

Amount’s $30M Investment to Revolutionize Digital Lending for Credit Unions

The US Sun

AMERICANS have the opportunity to claim a one-time payment from a billion-dollar class action settlement. Visa and Mastercard agreed pay $5.6 billion after consumers paid excessive fees to accept their payment cards. The lawsuit alleged that Visa and Mastercard violated the antitrust laws. Antitrust laws also referred to as competition laws, are statutes developed by […]

Americans to receive one-time payment from $5.6 billion Visa Mastercard settlement – and the deadline has been extended

The Oklahoma City Sentinel

Whether you have done it before or you’re new to the process, applying for a small-business loan can be frustrating and difficult to navigate. In the Federal Reserve’s 2023 Small-Business Credit Survey, over half of business owners who reported feeling discouraged from applying for funding cited lender requirements as the reason. With large banks in particular, a difficult application process was one of the top challenges borrowers faced, second only to high interest rates.
                To help shed light on the process, we spoke with two...

Small-Business Lenders Share an Inside Look at the Loan Process

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

The recent failure of one of the top banks in the tech industry, Silicon Valley Bank, has led to concerns about a broader financial crisis that could have far-reaching consequences. The US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have taken extraordinary steps to prevent such a...

Silicon Valley Bank Depositors to Have Access to “All of Their Money” Following Government Intervention

JPMorgan Chase is already hearing from US lawmakers after declaring it may soon impose unprecedented fees on its 80 million-plus customers. In a letter to the banking giant obtained by Fortune, Democratic Senators Elizabeth Warren and Chris Van Hollen blast the bank’s flirtations with fee hikes, including charges for basic checking accounts and services.

JPMorgan Chase’s Plan to Charge 80,000,000 Customers for Basic Checking Accounts and Services Is ‘Outrageous,’ Say US Senators in Blistering Response to Banking Giant

A US banker has admitted to stealing millions of dollars from customers’ accounts in a 15 year-long scheme. The U.S. Attorney’s Office for the Western District of Missouri says 36-year-old Megan Lea Dougherty has pleaded guilty to one count of bank fraud for looting $2.393 million from over a dozen Exchange Bank of Missouri customer accounts.

$2,393,288 Drained From Customers’ Bank Accounts As Insider Falsifies Records, Transfers Funds to Herself and Family: US Department of Justice

Frequent Miler

SoFi has recently increased a stackable offer that can give you up to $650 back when opening a new checking/savings account. The shopping portal Rakuten is offering a $350 bonus for opening a new SoFi Checking/Savings account by clicking through the portal link and making a $500 direct deposit within 45 days. This $350 can then either be taken as cash or converted into 35,000 Amex Membership Rewards (MR) points, which is our preferred choice since we value MR at ~1.55 cents each.

Earn up to a $650 bonus with a new SoFi checking/savings account

The Bank of England recently made headlines by rejecting the banking licence application of popular financial technology company Revolut. This decision has significant implications for both Revolut and the broader fintech industry. Revolut’s Ambitious Bid for a Banking Licence. Revolut, a UK-based fintech unicorn, has been disrupting the traditional...

Bank of England Rejects Revolut’s Bid for Banking Licence

New-vehicle buyers are taking out loans averaging almost 70 months. Average new-vehicle APRs increased to 7.3% during the second quarter. Down payments for new vehicles have slightly decreased. A new study has revealed that many new vehicle buyers in the U.S. are being stretched to their financial limits, signing up...

Americans Drowning In New Car Debt, Loans Averaging 70 Months

Business Insider

Explore ways to deposit money into someone else's bank account, ensuring your money transfer is safe and efficient while also finding the best option.

How to Deposit Money Into Someone Else's Account

London is a hotbed for fintech startups, and the three companies that come up most frequently in conversations are Monzo, Revolut, and Starling Bank. These companies are considered the most successful in the London fintech space, but which one is the best for aspiring fintech employees?. This article offers an...

Revolut, Monzo and Starling: Who will you be joining in 2023?

Denver, CO

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David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

The USDA announced changes to the Farm Service Agency’s Farm Loan Programs that take effect on September 25, 2024. The changes are intended to increase opportunities for farmers and ranchers to be financially viable. These improvements are part of the Enhancing Program Access and Delivery for Farm Loans rule.

USDA Updates Farm Loan Programs

Fintech companies focused on serving startups and small businesses are seeing an influx of new clients after the collapse of Silicon Valley Bank (SVB). These neobanks are promoting their profitability, fast account opening process and their ability to safeguard funds above the Federal Deposit Insurance Corp (FDIC) limits. Clients are...

Fintechs Scoop Up Clients Following Collapse of Silicon Valley Bank

Federal prosecutors have seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is attempting to rescue...

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

Securing investors is a critical step for founders looking to fund their startups and fuel growth. In this blog post, we will explore valuable insights on how to attract investors, drawing inspiration from the success story of Judo Bank. By examining Judo Bank’s strategies, we can uncover key considerations and...

How to Secure Investors: Lessons from Judo Bank

Mastercard confirmed Monday that it will cut about 1,000 employees as part of a restructuring to focus on international markets announced during its second-quarter earnings report earlier this month. The company hadn’t previously disclosed that it would reduce its workforce as part of a $190 million charge related to the restructuring.

Mastercard to cut 1,000 employees in restructuring

NewsBreak

kompasbank: Secures EUR 12 Million in Funding to Expand Business Lending and Platform Development

Danish neobank kompasbank, which specializes in helping small and medium-sized businesses, has raised an additional EUR 12 million in funding. This brings the bank’s total capital...

kompasbank: Secures EUR 12 Million in Funding to Expand Business Lending and Platform Development

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