Beam, a San Francisco-based savings app which launched in 2019, has been shut down as a result of a tentative settlement with the Federal Trade Commission (FTC).

Early this year, it seemed all but certain that the Biden administration would nominate Obama-era Treasury official Michael Barr to lead the Office of the Comptroller of the Currency (OCC).

Green Check Verified, a company that offers cannabis banking software and service solutions, today launched a suite of account monitoring and compliance tools to enable institutions to meet regulatory requirements more efficiently.

In an apparent move to secure a bank charter as soon as possible fintech SoFi acquired California’s Golden Pacific Bancorp for $22.3M. SoFi offers banking, lending, and investing products.

The Federal Deposit Insurance Corporation (FDIC) has appointed fintech executive Sultan Meghji as its first-ever chief innovation officer.

While brokerage platforms have lifted prior limits on trading of GameStop, AMC Entertainment and other shorted stocks, regulators are examining the fallout from recent events.

On Monday, July 19, Treasury Secretary Janet Yellen, convened the President’s Working Group on Financial Markets (PWG).

Ant Group (formerly Ant Financial), which owns payment platform Alipay and operates a loan marketplace, plans to roll out a series of reforms in response to concerns from Chinese regulators.

Ant Group (formerly Ant Financial), which owns payment platform Alipay and operates a loan marketplace, plans to roll out a series of reforms in response to concerns from Chinese regulators.

As the Biden administration gets its ducks in line for a more aggressive financial regulation apparatus post-Trump

Banking Dive reports that among the Biden administration’s banking and fintech priorities, credit underwriting and fair lending are likely to figure prominently, though there are other areas that may impact how banks, startups, and investment companies do business.

Janet Yellen, the Biden administration’s Treasury Secretary nominee and former chair of the Federal Reserve, outlined some key financial industry priorities in a Senate confirmation hearing on Tuesday, Jan. 19.

President-elect Joe Biden will nominate Gary Gensler as chair of the Securities and Exchange Commission (SEC), and Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB).

The Securities and Exchange Commission (SEC) is suing Ripple, the company behind the cryptocurrency XRP, alleging it violated federal securities laws. The regulator claims it conducted a $1.3B unregistered securities offering.

Brokerage Robinhood this week agreed to pay a civil penalty of $65M over charges from the Securities and Exchange Commission that it was misleading customers.