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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

More than 100 million new credit card accounts have been added since 2010, which means the total amount of customers was at 486.5 trillion since 2010. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. million in Q2. trillion, which is an increase of $1.1

Cards 152
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Phillips 66 Partners With WEX For Exclusive Multi-Year Private Label Extension 

PYMNTS

“This extension reflects our mutual commitment to grow together by providing innovative payment solutions, world-class service, and a dedicated team to help Phillips 66 build its customer base and increase brand loyalty to the iconic Phillips 66, Conoco and 76 brands.”.

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Stripe Launches Custom Analytics Tool for Businesses

PYMNTS

Stripe is a leading innovator in the financial technology space. Founded in 2010, the company, which has raised over $440 million (according to data from Crunchbase), and is valued at $9 billion, specializes in easy-to-use B2B online and mobile payment products.

Analytics 106
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California Legislature Passes AB-1864 Setting the Stage for the “Department of Financial Protection and Innovation” and the California Consumer Financial Protection Law

CFPB Monitor

When the bill becomes law, the DBO will be renamed the Department of Financial Protection and Innovation (“DFPI”) and the agency will gain the authority to enforce all California laws relating to “persons offering or providing consumer financial products or services in [the] state.” Below is a high-level overview of the AB-1864.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135
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Meet Our 2023 FICO Decisions Awards Judges

FICO

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Neeti Aggarwal manages the financial technology and innovation research at The Asian Banker.

Meeting 52
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Credit Unions Light it Up at GAC 2018!

Filene

Keeping pace with emerging financial technologies. Growing new ideas and creating sustainable innovation to meet expanding consumer demands. Last year, we asked you not to hit snooze on the financial struggles your members are facing, and you answered that call. Empower people through platforms.