Mastercard’s bet on fintech pays off with higher card spending
Mastercard Inc.’s new initiative to team up with more startups on credit cards is starting to pay off. The company ...
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Beneficial State Bank to revise auto loan collection practices as defaults mount
Beneficial State Bank, founded by 2020 presidential candidate Tom Steyer, is updating its collections policies on the heels of 1,800 ...
SoFi taps Mastercard network for new payment products and rewards
Financial startup SoFi has changed its payment partner from Visa to Mastercard, allowing SoFi to ramp up its rewards program, ...
Seattle Credit Union targets renters with personal loan offering
While consumers often turn to financial institutions for mortgages, Seattle Credit Union is expanding the field of real estate related ...
Google ban fails to stamp out short-term payday lending apps
In August, Google announced a global crackdown on Android apps that offer short-term loans, saying it wanted to protect consumers ...
Ally reports strong deposit growth as it expands lending product suite
Ally Financial this week reported it’s continuing its winning streak in deposit growth. In a third-quarter earnings report, the bank ...
Toyota Financial’s New Zealand arm inks fintech partnership
Toyota Finance New Zealand (TFNZ) has partnered with Ephesoft, an AI-powered data capturing platform, to help streamline and automate its ...
Stuck-in-the-past Japanese banks wary of fintech revolution
Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a ...
Fed: Big bank cyberattack could have serious spillover effects
A cyberattack on a major U.S. bank could have network effects that could cripple the financial system, a report from the Federal ...
Jack Ma’s booming loan business threatens Visa, AmEx in China
As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their ...
