FinTech News
Personal Finance
Neobank Current Introduces 4% APY Feature for Savings
In recent years, savings account holders have likely seen the interest they earn from their funds fall tremendously. This decline has even been true among many FinTechs that have typically offered better rates than the big banks. However, one neobank is now rolling out a new feature that will allow customers to earn interest that's 60 times higher than the national average. This week, Current announced that customers will be...
FinTech News
FinTech Prosper Introduces Credit-Building Card
For years, FinTechs have been disrupting the credit industry. From websites like Credit Karma making it easier for consumers to understand their credit reports to various platforms looking beyond credit scores and utilizing alternative algorithms to determine creditworthiness, there are now several credit-building opportunities available to Americans that weren't there previously. Now, the marketplace lending platform Prosper has announced the launch of a new and interesting credit card product. The...
Personal Finance
Wells Fargo Announces Account Changes to Help Limit Overdraft Fees
Despite some changes over the years, overdraft fees continue to be an expensive plague on American consumers. However, little by little, institutions have been making some changes. The latest in this trend is Wells Fargo, which recently announced some upcoming adjustments to its policies. The first change coming down the pike is that customers enrolled in Overdraft Protection service will no longer be assessed a fee when fund transfers are...
FinTech News
Lending Marketplace Acorn Finance Raises $8.4 Million
As the new year gets underway, another FinTech is celebrating by raising money. This week, Acorn Finance (not to be confused with micro-investment app Acorns) announced that it had closed an $8.4 million round. The Series A was led by MassMutual Ventures. Previous investors Vestigo Ventures, Accomplice, and MetaProp also participated along with Moderne Ventures. To date, the company has now raised a total of $12.4 million, including seed round raises...
Credit Cards
My GM Rewards Card Launches with New Partner Goldman Sachs
In 2019, Goldman Sachs made a splash by releasing its first credit card: The Apple Card. Of course, that product was heralded as a card "Created by Apple, not a bank" despite Goldman's involvement. Now, the bank — and specifically their Marcus by Goldman Sachs brand — is expanding its credit card offerings with the launch of the My GM Rewards Card from auto giant General Motors. The new My...
Personal Finance
Top 10 Personal Finance Articles of the Month — December 2021
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. As we enter a new year, we'll start off with a look back at 2021 along with some resolutions for 2022. After that, we'll feature a trio of articles on the topic of minimalism. Then, we'll look at using multiple bank accounts, automating your finances,...
Economic News
