Chicago news and trends

Plaid Launches Tool for Cash Flow Underwriting
Loans // June 15, 2023

To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted, on-demand experience allows lenders to access consumer-permissioned cash flow data through Plaid during their underwriting...

Adyen Opens Applications for First North American Accelerator Event
Startups // February 16, 2023

Adyen is inviting applications for its first North American accelerator event. The financial technology platform said in a Wednesday (Feb. 15) press release that this edition of the Adyen Accelerator program is designed for startups that are focused on social impact initiatives in the United...

Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
Security & Fraud // December 08, 2022

A federal grand jury has charged two operators of payment processing companies with bank fraud.  The grand jury in Chicago charged the two Illinois men — Michael D’Ambrose, 62, of Chicago, and Scott Apgar, 43, of Roscoe — with 16 counts of bank fraud, the...

Uber Pays $10M for Listing Chicago Eateries Without Permission
Legal // December 06, 2022

Uber will pay Chicago a $10 million settlement in an investigation into its business practices. The city announced the settlement late Monday (Dec. 5), saying it stemmed from a probe into issues like Uber Eats’ and Postmates’ practice of listing Chicago eateries on their platforms...

Quick Reads
Chicago Expected to Require Restaurants to Pay Standard Minimum Wage

October 03, 2023
Chicago is at the center of a heated debate over the practice of treating tips as wages. Lawmakers in the city are considering a new law that would require restaurants to pay waitstaff the city’s standard minimum wage, regardless of how much they earn in gratuities, The Wall Street Journal (WSJ) reported Tuesday (Oct. 3). […]

Plaid Launches Tool for Cash Flow Underwriting

June 15, 2023
To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted,...

Adyen Opens Applications for First North American Accelerator Event

February 16, 2023
Adyen is inviting applications for its first North American accelerator event. The financial technology platform said in a Wednesday (Feb. 15) press release that this edition of the Adyen Accelerator...

Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 

December 08, 2022
A federal grand jury has charged two operators of payment processing companies with bank fraud.  The grand jury in Chicago charged the two Illinois men — Michael D’Ambrose, 62, of...