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Justice Department Files Lawsuit to Block Visa's Plaid Acquisition

Reports that the United States Department of Justice was considering action against Visa in regards to their planned acquisition of Plaid came to fruition this morning. As TechCrunch reports, the Justice Department has filed suit against both companies on antitrust grounds. Earlier this year, Visa announced that it intended to...

Zelle Tops 1 Billion Transactions in the Past 12 Months

When it comes to peer to peer payments, often times FinTechs such as Venmo, Square Cash, and others come to mind. Yet, one competitor has managed to grow without much fanfare: Zelle. Now, Early Warning Services, LLC (the network operator behind Zelle) announced that the service recently achieved a major...

Credit Karma Reportedly in Talks to Sell Tax Prep Platform to Square

Earlier this year, Intuit announced plans to purchase the personal finance tool Credit Karma for a whopping $7.1 billion. Of course, with Intuit perhaps being best known for its TurboTax software, one major question about the proposed purchase was what would become of Credit Karma's free Credit Karma Tax service?...

Acorns App Launches Job Finder Powered By ZipRecruiter

Those seeking a side hustle, additional part-time job, or new career now have another resource for finding available positions. This week, the micro-investing app Acorns unveiled a new job finder tool, with listings powered by ZipRecruiter. To find this feature, users will first want to navigate to the "Earn more...

Hack Affects "Almost 2,000" Robinhood Accounts

It seems that the uber-popular trading app Robinhood has run into more issues. According to a report from Bloomberg, a hack left nearly 2,000 Robinhood accounts compromised. In some cases, those accessing the accounts sold off assets being held and transferred the funds. While Robinhood didn't offer many details on...

Clair Raises $4.5 Million to Disrupt Payday Loans

Over the past several months, there's seemingly been an uptick in venture capital funding for FinTechs who help ease financial pain points that the current pandemic has exacerbated. Take, for example, the need for those who are working to access their money quickly in order to catch up on their...

Macy's Invests in Swedish FinTech Klarna

When it comes to investment in FinTech, it's typically various venture capital firms fronting the money. However, every once in a while, a different kind of investor steps up to the plate. That's the case with Klarna, which just revealed a deal with a major U.S. department store chain. This...

Gamified Savings Account Yotta Savings Raises $3.3 Million

Can a savings accounts that come with a chance to win a lottery jackpot change the way American consumers save? That's what Yotta Savings is betting on — and now so are several venture capital firms. As Crunchbase reports, Yotta has just closed a $3.3 million seed round. In addition...