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P2P Lender Prosper Announces Plans for HELOC Product 2

When it comes to being a FinTech "disruptor," stagnation can easily mean death. Because of this, companies in the business of revolutionizing finance and technology are constantly looking for new markets to enter and ways to improve their product. In some cases — as we recently saw with OnDeck spinning off...

OCC to Continue FinTech Plans Despite Legal Challenge

Even before the Office of the Comptroller of the Currency (OCC) announced official plans to offer FinTech companies national bank charters, there were lawsuits in place to stop such a move. Although a judge dismissed one round of complaints saying they were premature, the Conference of State Bank Supervisors (CSBS) filed suit against...

OCC Faces Another Lawsuit Over FinTech Charters

Weeks after New York Department of Financial Services superintendent Maria Vullo filed suit against the Office of the Comptroller of the Currency (OCC) in a bid to halt the agencies issuance of FinTech bank charters, more state regulators are following in Vullo's footsteps. As Reuters reports the Conference of State Bank Supervisors...

JP Morgan Chase to Open FinTech Campus in Palo Alto

JP Morgan Chase is headed to Silicon Valley. The bank's CEO Jamie Dimon recently announced that it was working to create a new campus in Palo Alto that will house more than 1,000 employees and focus on finding new FinTech solutions. Currently the opening of this new campus is set for 2020...

OnDeck Spinoff Company to Create FinTech Lending Solutions for Banks

This week FinTech lender OnDeck announced that it was spinning off a new company that will bring online small business lending solutions to banks. Known as ODX, the software as a service (or "SaaS") operation will partner with institutions in order to offer their customers small business loans. This includes allowing the...

Square Introduces Square Installments Option for Financing Purchases 3

FinTech firm Square announced this week that is was launching a new product that will make it easier for merchants to offer customers financing on large purchases. Dubbed Square Installments, the company says it's hoping this new feature will help small businesses make more sales and allow them to better compete...

Bank of America Adds One-Tap Investing Access to Mobile App

In a 21st century upgrade that Senator Glass and Congressman Steagall would sure shake their heads at, Bank of America has unveiled new features that make it easier for banking customers to access their investments via a streamlined app experience. Now, instead of needing to log into the Merrill Lynch app...