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Charles Potts: Opportunities in the fintech landscape

Independent Banker

Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts. In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., By Charles Potts, ICBA.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

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.

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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

Credit card spending is also the highest it has ever been recently, as the market for Mastercard and Visa is higher than $600 billion. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. Large bank delinquent accounts in Q2 were at 2.44 percent and 6.34 million in Q2.

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House Financial Services Committee to hold Sept. 26 hearing on real-time payments

CFPB Monitor

The House Financial Services Committee’s Task Force on Financial Technology will hold a hearing entitled “The Future of Real-Time Payments,” at 2:00 p.m. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City. on Thursday, September 26, 2019.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem. Competition and Interoperability.

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