The news broke late Friday that Google was dropping their plans to offer a bank account which was a surprise to pretty much everybody in fintech. Mastercard is jumping in with both feet into BNPL, we have a new CFPB director, new CDBC guidelines from the BIS and now you can get your paycheck sent directly to Coinbase. Here are what I consider to be the top news stories in fintech this past week.
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.