PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The statement comes as cryptocurrencies are still not being recognized as legal tender. Banks are well capitalized.

Regulation 151

Regulation cryptocurrency National Capital 151

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).

Colorado 102

Colorado Regulation Innovation Wyoming 102

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. Accordingly, “it is important that [the Agencies] provide coordinated and timely clarity where appropriate to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including [AML] and illicit finance statute and rules.”

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Now it has a small-business financing program, Square Capital. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

MyBankTracker

JULY 31, 2020

Both the principal value of the certificate and the interest rate are guaranteed by the bank, and fully covered by FDIC insurance for up to $250,000 per depositor, per bank. And since they are issued by banks, they’re also insured by FDIC. Cash-equivalent investments have four primary purposes: Capital preservation.

Taxes 52

Taxes Security Marketing FDIC 52

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. In August 2019, Greenlight raised a $54M Series B from strategic investors including Wells Fargo, JP Morgan, and investors Drive Capital , Relay Ventures , and TTV Capital. That scale would make Amazon Go a $4.5B business.

Cards 101

Cards Lending Strategy US 101