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Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers.

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Robo adviser Betterment launches checking account

American Banker

Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products.

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Outside The Box (And Inside The Storage Container) Solutions To Sky-High Rent

PYMNTS

Older adults tend to own, while younger adults skew much more heavily toward renting – particularly millennials, for whom homeownership is lower than other generations at the same point in their lives. A group of non-Catholic, non-religious, social justice-minded millennials moved into a convent to live with the nuns for six months.

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

We work very closely with the Heartland Credit Union Association, [a CU trade association that] handles Kansas and Missouri, to make sure that our point of view is represented not just with the SAFE Banking Act , but other legislation that is being considered out of Washington, D.C.,” he explained.

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Fiverr Launches Program To Make Cities ‘Gig Worker Friendly’

PYMNTS

And it’s not just about that much-reported millennial “side hustle” either. Four other cities may also be about to appear on that map: Kansas City, Memphis, Richmond and Stockton, California. The gig life isn’t just for Uber drivers. The Digital Workforce Development Initiative.

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Mobile Payments: What’s In It For Me?

PYMNTS

” While the Fed added fuel to the cybersecurity fire today as Kansas City Federal Reserve President Esther George stated that concerns with cybersecurity in U.S. Digital Currency – Millennials Just Aren’t That Into You. However, our research continues to show that security remains a key concern for all mobile payment users.”

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Robo-advisor blooom Reaches $300 Million in Assets

Fintech Labs Insights

Founded in 2013 and headquartered in Overland Park, Kansas, blooom demonstrated its technology at FinovateFall 2014, picking up a Best of Show award. And in March, NPR profiled the robo-advisor as part of a feature on how to help millennials plan for their financial future when dealing with student debt.

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