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New York State Regulations for Online Lenders to ‘Level Playing Field’ for Banks

Bank Innovation

Online lenders may own more than half of the personal lending market, but they face serious headwinds. In New York State, perhaps anticipating a […].

New York 225
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Fraudsters ‘Flourishing’ On Zelle, New York Times Reports

Bank Innovation

Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the platform, had cleaned out their bank accounts: even if those customers had never used, or head of Zelle, according to a New York Times report this weekend.

New York 275
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New York vs OCC: Let’s Think of the Children

Bank Innovation

In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. These changes include expanding the Read More.

New York 218
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WorldRemit Opens International Money Transfers in New York

Bank Innovation

Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday. There are 4.5

New York 186
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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). brand, is accepting online EBT payment at select locations.

Online 151
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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

New York 150
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Robinhood suffers online outage with US stocks rebounding

Bank Innovation

New York time, the company posted a statement on the website […]. Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. At 11:18 a.m.

Online 273