The Consumer Financial Protection Bureau (CFPB) on Wednesday (April 6) reported that most payday loan borrowers haven’t benefitted from extended payment plans, which lenders must offer to borrowers in a majority of states where payday lending is prohibited, and are instead paying more rollover fees....
Google has reportedly inked a deal to buy Raxium, a 5-year-old startup developing “tiny light-emitting diodes” for displays for augmented and mixed-reality devices. Raxium doesn’t have a commercial product and its work is based on Micro LEDs, which can make the kind of smaller displays...
The EU will be looking at new ways to make sure digital assets aren’t used to dodge sanctions against Russia, a Financial Times report said Wednesday (March 2). The bloc is trying to enforce the financial penalties on Russia as part of the action taken...
The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their savings, Bloomberg wrote Wednesday (March 2). The sales for Bulgari’s Russian stores have been up in the last few days...
August 16, 2017
If the past month is any indication, the digital banking space could be getting even more competitive, as newer players gain capabilities to compete on the same footing as traditional banks. This increased competition can be seen on both sides of the globe, with digital-first startups getting, or getting close to achieving, official recognition as […]
