Advisor news and trends

Former CFPB Dep. Director Named Dept Of Financial Services Advisor
Personnel // January 15, 2020

The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has been named special policy advisor to DFS Superintendent Linda Lacewell, according to a release. English worked under former CFPB Director...

High-Yield Deposit Accounts Come To Robo-Advisory Service Betterment
Digital Banking // July 24, 2019

High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers.  “It’s really hard for banks to follow us here,” Betterment founder and CEO Jon Stein told CNBC. “If you look at where the big banks...

Former Obama Advisor Eyes Google, Amazon For SMB Lending
B2B Payments // October 16, 2017

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Reports in CNBC said Mills, speaking at London’s LendIt Europe conference, predicted these...

Quick Reads
Restaurant Supply Chain Platform xtraCHEF Adds Former Venmo COO As Adviser

May 21, 2020
Oak HT/FC Executive in Residence Michael Vaughan will now serve as an advisor for accounts payable and automation and business intelligence firm xtraCHEF, where he’ll help the company expand software offerings. At Oak HT/FC, Vaughan develops, advises and invests in new FinTech businesses, according to a press release. Vaughan was also former COO at Venmo. […]

Former CFPB Dep. Director Named Dept Of Financial Services Advisor

January 15, 2020
The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has been named special policy advisor...

High-Yield Deposit Accounts Come To Robo-Advisory Service Betterment

July 24, 2019
High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers.  “It’s really hard for banks to follow us here,” Betterment...