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Lawmakers Raise FinTech Concerns Post Robinhood Debacle

December 21, 2018
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Robinhood Retreats From Checking, Savings Products
Bank Regulation // December 16, 2018

Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product. According to a report in Bloomberg, when Robinhood announced...

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Lawmakers Raise FinTech Concerns Post Robinhood Debacle

December 21, 2018
A bipartisan group of U.S. senators has expressed concerns that FinTech startup Robinhood is not being transparent about its cash management service. After announcing a checking and savings product with 3 percent interest earlier this month, the company then removed any mention of the products from its site just one week later and instead rebranded it […]

Robinhood Retreats From Checking, Savings Products

December 16, 2018
Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of...