banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
July 29, 2022  |  emea

The Central Bank of Kenya issued a letter on Friday (July 29) directing banking and mortgage CEOs to cease transactions with Kenyan FinTechs Flutterwave Payments...

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CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
July 28, 2022  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) hit U.S. Bank with a $37.5 million consent order for illegally accessing customers’ credit reports and personal information to open accounts...

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LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022  |  Earnings

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining...

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Upgrade Offers OneCard for Single Platform Budgeting, Rewards
Upgrade Offers OneCard for Single Platform Budgeting, Rewards
July 27, 2022  |  Banking

Challenger bank Upgrade is launching OneCard, a new product that provides users with a single card for daily expenses and making payments over time. Get...

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Amex Adds Membership Rewards to Digital Business Checking Account
Amex Adds Membership Rewards to Digital Business Checking Account
July 27, 2022  |  Credit Cards

American Express has added membership rewards to its fully digital Business Checking account, after numerous requests from customers that have been using the service since...

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The Data Point: Over 40% of Millennials Would Switch to FIs Supporting Local Charities
The Data Point: Over 40% of Millennials Would Switch to FIs Supporting Local Charities
July 27, 2022  |  Banking

Charity begins at home, as the old saying goes, and that can mean one’s community as well. New data finds a powerful correlation between bank...

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Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
July 27, 2022  |  Faster Payments

2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and...

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Startups Use Tech Innovation to Move the Needle on Financial Exclusion in Egypt
Startups Use Tech Innovation to Move the Needle on Financial Exclusion in Egypt
July 26, 2022  |  Financial Inclusion

Financial exclusion is a broad category that can range from an inability to access banking services to cultural, economic, and infrastructural barriers to the adoption...

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Cannabis Bill Backer Sees New Hope For Passage
Cannabis Bill Backer Sees New Hope For Passage
July 26, 2022  |  Banking

The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new...

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