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Google Play Store Nixes Payday Loan Apps

PYMNTS

CEO Mary Jackson of Online Lenders Alliance told the WSJ that payday loan practices were allowed, and that the ban hurts “legitimate operators,” as well as customers looking for “legal loans.” We expanded our financial services policy to protect people from deceptive and exploitative personal loan terms.”.

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Robinhood Acquired This Company For Its Shareholder Communications Platform

CB Insights

Robinhood , a financial services company, has acquired Say Technologies , a shareholder communication platform, for $140M. Say Technologies: California-based Say is a technological platform that gives shareholders access to their full ownership stake. WHO ARE THE PARTIES TO THE DEAL?

Company 101
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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

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FTC holding FinTech forum on marketplace lending

CFPB Monitor

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

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The Future Of Payments Beyond The Pandemic

PYMNTS

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce.

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Why modernization is important in retail banking

NCR

‘If it ain’t broke, don’t fix it’, so the saying goes, but this approach could be risky as other banks may be embracing the wider changes in financial technology as they look to innovate and grow. “To be innovative, you cannot be afraid to obsolete your own products,” wrote Mr Kalb.

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FutureAdvisor Brings RoboAdvisory to U.S. Bank Wealth Management

Fintech Labs Insights

Since being acquired by BlackRock a year ago , online investment advisor FutureAdvisor has inked partnerships with BBVA Compass and RBC Wealth Management. FutureAdvisor is an online investment advisor that automatically reviews and manages investment holdings to optimize asset allocation, limit hidden fees, and improve tax efficiency.