TFU | Feb. 10 – 16

Leading Off The FDIC approved Varo’s application to become an insured depository institution; N26 is shutting down its UK operations due to Brexit complications; Canada Stablecorp is launching a stablecoin pegged to the CAD; Senator Kirsten Gillibrand (D-N.Y.) announced legislation to create a federal Data Protection Agency; and Regtech firm Fenergo raised $80M in new…

TFU | Jan. 20 – 26

The Bank of England is looking for a technology partner to help it develop a “fit for purpose cloud environment”; Japanese lawmakers are creating a proposal for a government-backed digital currency; Vodafone became the latest firm to drop out of the Libra Association; Democrats urged the U.S. FTC to investigate Yodlee for allegedly selling consumer financial data without consent; and Canapi Ventures unveiled a new, $545 million fintech fund.

TFU | Jan. 13 – 19

Leading Off Former CFTC Chairman Chris Giancarlo launched the Digital Dollar Foundation to help create a U.S. government-backed digital currency; Visa announced that it will acquire Plaid for $5.3B; Revolut is reportedly nearing a new funding round at a $5B valuation; and Ant Financial announced it will host a “massive” fintech conference in Shanghai in…

TFU |Nov. 4-10

FTC Commissioner Rohit Chopra encouraged the Fed on its proposed FedNow Service; the NYDFS is investigating Apple Card’s algorithms for gender discrimination; a glitch gave some Robinhood users access to “infinite leverage”; Nasdaq implemented AI monitoring; Ireland’s DPC is investigating Revolut over concerns about its new privacy policy; and Vanity Fair explored the robbery of an Icelandic Bitcoin mining facility.

TFU | Oct. 21 – 27

A federal judge ruled in favor of the NYDFS in its ongoing suit to prevent the OCC’s “fintech charter”; Mark Zuckerberg testified before Congress about Libra; Apple Pay is now the most popular U.S. mobile payments app; Kabbage expanded its product mix to include payments; Revolut launched in Singapore; and the Economist considers whether negative press and regulatory scrutiny have doomed the Libra project.

TFU | Oct. 14-20

Global regulators, including FATF and the FSB, weighed in on the risks posed by stablecoins; the U.S. government is reportedly considering creating its own cryptocurrency; EU regulators are looking into potential antitrust violations by Apple Pay; the FT brought new evidence of fraudulent accounting practices at Wirecard; Venmo will launch its first credit card; Revolut is looking to raise $1.5B in debt and equity; and digital bank Chime experienced a service disruption affecting millions.