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Rakuten backpedals on plan for credit union charter

The Japanese technology conglomerate withdrew its application to the National Credit Union Administration on Sept. 5, marking its fourth failed attempt to establish a financial institution in the U.S. ....

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Rakuten backpedals on plan for credit union charter

Rakuten backpedals on plan for credit union charter
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Democratic majority on FDIC board spells trouble for ILC hopefuls

The agency signaled during the Trump administration that it would approve more industrial loan companies following an extended freeze in new charters due to policy disputes. But the thaw will likely prove temporary now that the board's makeup has changed. ....

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Brex will withdraw applications for industrial bank

Brex will withdraw applications for industrial bank
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Walmart to launch fintech startup with partner Ribbit Capital

Dive Brief:
Walmart is creating a fintech startup in partnership with venture capital firm Ribbit Capital, the retailer announced Monday.
The new venture will develop and offer modern, innovative and affordable financial solutions to customers and employees, Walmart said.
For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs, John Furner, president and CEO of Walmart U.S. said in a statement.
Dive Insight:
The details of Walmart s new fintech startup are scarce. The Bentonville, Arkansas-based company did not disclose the name of the new entity, specific services or a launch date. ....

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