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.

TFU | Jun. 10-16

Senator Warren sent a letter to several U.S. regulators seeking information on whether algorithmic lending produces discriminatory outcomes; Monzo is planning an “imminent” U.S. launch; Facebook landed commitments from large banks and tech companies in support of its new cryptocurrency; the Bank of England found widespread weaknesses in stress tests of U.K. challenger banks; Circle announced it is discontinuing its payment app; and Revolut launched in Australia.

TFU | May 20 – Jun. 2

Kik is crowdfunding money to officially challenge the SEC’s ruling that its Kin token is subject to securities rules; IBM and Maersk expanded their successful blockchain-based TradeLens shipping consortium; Facebook’s GlobalCoin is reportedly set to launch in early 2020; the German Bundesbank was critical of blockchain following a test of its ability to facilitate securities transactions; TransferWise raised nearly $300M in new funding, giving it a $3.5B valuation; and Plaid expanded services to the U.K.

TFU |Apr. 15-28

The New York AG’s office is investigating the parent company of the Bitfinex exchange for allegedly committing fraud valued at $850M; Robinhood applied for a national bank charter from the OCC; Revolut is facing investigations into its ties to Russia, and may lose its EU banking license; T-Mobile expanded its app-based checking account nationwide; SoftBank invested $1B in EU fintech Wirecard; and the American Banker profiled Mike Cagney’s new lending firm, Figure.