Banking
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card products.
Deficient Consumer Compliance Risk...
Banking
FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA)...
Banking
Risk management specialist Abrigo snaps up TPG Software for investment accounting tech
Acquisition of TPG Software by Abrigo:Abrigo, a provider of compliance, credit risk, and lending solutions, has acquired TPG Software, a financial software...
Banking
CFPB targets US fintech firms with proposals for increased regulatory scope
The Consumer Financial Protection Bureau (CFPB) aims to subject large tech firms and neobanks to supervisory examinations similar to traditional banks.
Proposed regulations...
Banking
Bonifii’s new identity credential completes pilot with Lone Star Credit Union
BonifiID, developed by Bonifii in collaboration with GlobaliD, successfully completed a proof of concept (PoC) with Lone Star Credit Union, streamlining identity verification for...
Banking
Chatham Financial names Sam Graziano as managing director
Chatham Financial, a Pennsylvania-based risk management advisory and technology firm, has appointed Sam Graziano, a technology entrepreneur, as its new managing director.
FactsChatham Financial,...
AI
US climate tech start-up Persefoni secures $50m in Series C-1 funding round
US climate tech start-up Persefoni secures $50 million in funding, launches PersefoniGPT, an AI tool for carbon accounting and climate management.
FactsPersefoni, a climate...
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