Weekly Regulatory Deadlines | Oct 08 to Oct 14
Congress's scrutiny of tech giants could be blessing and curse for banks
American Banker 10/13/2020
House Democrats’ antitrust reform plan intended to rein in companies like Amazon and Google could help level the regulatory playing field between the banking industry and its digital competitors. It could also revive calls to break up financial behemoths...
PayPal Offers BNPL Installment Loans In UK
PayPal is rolling out a new buy now, pay later (BNPL) solution called PayPal Pay in 3 in the U.K., according to a press release. The solution, similar to the company’s Pay in 4 program in the U.S. and the Paiement in 4x in France, introduced earlier this year, will let customers pay for items...
When Your Last $166 Vanishes: "Fast Fraud" Surges on Payment Apps
The New York Times 10/11/2020
People are getting defrauded as they turn to Square’s Cash App and PayPal’s Venmo to do more online banking in the pandemic...
New Research: U.S. Investors Unfazed by Pandemic-Related Market Volatility
Despite dramatic market volatility related to the COVID-19 pandemic during early 2020, investor optimism about the stock market remained high, and one in five Americans indicated an increased interest in investing, according to a new research study by the FINRA Foundation and NORC at the University of Chicago...