TFU | Dec. 16 – 22

Final Update for 2019, returning 1/6/2020 Dear readers, this will be our final edition of the year decade! Thank you, as always, for your continued interest and support of this newsletter, and we look forward to another great year ahead. Warmest wishes to all for a happy and healthy holiday season—and see you again in…

The Big Idea | Stablecoins (Dec. 22, 2019)

As we count down the remaining days of 2019, we wanted to lead off our final letter of the year with a deeper look at one of its biggest fintech trends: stablecoins. So, what’s the Big Idea with stablecoins? A “stablecoin” is a cryptocurrency that’s pegged to some underlying asset, whether it’s a sovereign currency…

TFU | Dec. 9 – 15

PayPal sued the CFPB regarding its prepaid card rule; Goldman is planning to launch a small-investment digital wealth management service; PNC blocked data aggregators from using its customers’ data; newly revealed documents showed that, for years, the FBI has secretly demanded consumer information from credit agencies; and Robinhood rolled out fractional share trading.

TFU | Nov. 25 – Dec. 8

Five federal financial regulators jointly published a statement supporting the use of alternative data in making credit worthiness decisions; Robinhood decided to halt its application for a special purpose national bank charter from the OCC; Goldman is ratcheting down its expansion plans for Marcus in the U.K. over concerns about its compliance burden; the NYDFS approved SoFi’s application for a BitLicense; Chime raised $500M in new funding; and Bloomberg explores how some of the Bay Area’s buzziest fintechs are growing their operations in New York.