The GameStop Stock Frenzy Is Turning Into A Cautionary Tale For Fintech
When a crusading group of retail traders decided last week to bid up the price of GameStop GME shares, the target was Wall Street. Empowered by Reddit and the commission-free trades of Robinhood’s online trading app, they succeeded in putting the squeeze on hedge funds that had shorted GameStop. Read the full article on Forbes […]
Financial Peace of Mind May Be Key Banking Product in COVID’s Wake
As America continues to reopen, banks and credit unions have an opportunity to show consumers how to regain their financial footing in an economy walloped by coronavirus closings. Ultimately, helping create financial well-being could mean more than product sales.
Needy Will Face Hurdles to Getting Coronavirus Stimulus
The Treasury reversed guidance that would have required millions of Social Security recipients to file returns, but many other low-income people will have to submit them. Read the Article >>
Something Old, Something New
The features of the financial services landscape that have brought today’s consumers convenience, reduced friction, and easily accessed revolving credit have now been with us for so long that we view them as fixed infrastructure. These gains have been accompanied by a loss of some of the tools and habits of mind that helped the grandparents and great-grandparents of today’s Millennials make it through two world wars and the Great Depression.
Bankless Times: Financial health is as important as inclusion
While financial inclusion is indeed an admirable goal, achieving that will not solve the nation’s financial problems. The Financial Health Network CEO Jennifer Tescher explains why. Read her explanation in the full article here >>