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The Consumer Financial Protection Bureau stopped short of creating new rules for BNPL fintechs, but pressure is mounting for some fintech lenders to alter their business practices.
Hello Alice's small-business self-help platform amassed 1 million users by offering grants, recommendations and skills-building courses. With a pair of new credit cards, the startup aims to reward users for expanding their knowledge.
The bank has issued credit to Slope, a firm offering a form of B2B installment loan. The product is becoming more popular as small companies face mounting financial challenges.
As more tech-savvy shoppers come back to stores, the digitally-focused payments company hopes to accompany those consumers by expanding its capabilities at the point of sale.
The bank is looking to detect fraud in real time, a capability that it sees as a differentiator for merchants that want to offer installment lending.