During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Robinhood backs down after outcry over checking account from American Banker – It’s been an interesting few days for Robinhood. They announce a new “savings and checking account” with great fanfare. But they have been forced to backpedal now given the SIPC had not given them the go ahead. Makes fintech startups look amateurish.
Square Revives Request to Start a Bank from The Wall Street Journal – After pulling their application earlier this year Square is back with an application to start a bank, it would be an ILC based in Utah.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.