December 15, 2024 @ 12:15 pm By JD Alois  |  

StartEngine, a full stack securities crowdfunding platform, is raising money for itself on its own platform. One of the key selling points to invest in the platform is its private deal room or StartEngine Private where investors can purchase securities in Reg D offerings. Typcially… Read More

December 13, 2024 @ 11:56 am By JD Alois  |  

Elon Musk, founder and CEO of multiple firms including Tesla and SpaceX, has leveraged X, another one of his companies, to lambast outgoing SEC Chairman Gary Gensler.   Oh Gary, how could you do this to me? 🥹 pic.twitter.com/OoooQI77ZS — Elon Musk (@elonmusk) December 12,… Read More

December 13, 2024 @ 11:31 am By JD Alois  |  

The initial coin offering (ICO) era came to a screeching halt following a statement made by the Securities and Exchange Commission that effectively told issuers to halt the process. During the wild and crazy days of ICOs, millions or billions were both made and lost…. Read More

December 13, 2024 @ 11:17 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission charged Cantor Fitzgerald, LP, and two Special Purpose Acquisition companies (SPACs) it controlled with “making misleading statements to investors ahead of their initial public offerings (IPOs).” SPACs are companies that go public with the intent to acquire a private… Read More

December 13, 2024 @ 9:25 am By JD Alois  |  

The Consumer Bankers Association (CBA), American Bankers Association (ABA), America’s Credit Unions, Mississippi Bankers Association, and other individual banks have joined in a lawsuit challenging the final rules issued by the Consumer Financial Protection Bureau impacting overdraft regulations. Yesterday, the CFPB issued rules that manage… Read More

December 13, 2024 @ 9:09 am By JD Alois  |  

BNPL provider Affirm (NASDAQ: AFRM) has inked a deal with Sixth Street where the investment firm will commit $4 billion to loans originated by Affirm. This “long-term capital partnership” is expected to ramp up over three years. Affirm says this is the largest capital commitment… Read More

December 12, 2024 @ 4:51 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced a final rule that addresses the overdraft system for consumers who need credit beyond an existing balance. The new rule allows large banks several options for overdrafts: They can choose to charge $5; To offer overdraft as… Read More

December 12, 2024 @ 4:11 pm By JD Alois  |  

Representative French Hill is slated to take over the powerful House Financial Services Committee following the exit of popular Chairman Patrick McHenry. Multiple news outlets are reporting the selection of Hill, who has edged out several others interested in the chairman position. The Digital Chamber… Read More

December 12, 2024 @ 1:58 pm By JD Alois  |  

Almond Fintech has been recognized for its B2B payment platform that leverages blockchain technology. According to a not from the firm,the CrossTech Innovation Awards has selected Almond to receive its 2024 Crypto Payments Solution in the Cross-Border Industry. This is the second year in a… Read More

December 12, 2024 @ 10:17 am By JD Alois  |  

Assetera, a digital securities marketplace, is now allowing trading in “Blue Chip” stocks, like NVDA and “T-Bill trackers,” providing 24/7 trading on a platform powered by blockchain technology. Assetera is licensed and supervised by the Austrian Financial Market Authority and holds a MiFID II license…. Read More

December 12, 2024 @ 9:59 am By JD Alois  |  

Digital asset platform Taurus SA is expanding into Turkey, according to a note distributed by the firm. Taurus shares that the new office is due to the new regulatory framework for digital assets. The expansion is also expected build upon a presence in Dubai and… Read More

December 12, 2024 @ 9:16 am By JD Alois  |  

A recent report shares that Nasdaq Private Markets (NPM), a secondary trading platform for shares in private firms, has booked $6 billion in trades so far this year. In total, since its creation, NPM reports over $55 billion in transactional value and more than 250… Read More

December 11, 2024 @ 6:15 pm By JD Alois  |  

Birchal, an online investment platform based in Australia, says it has raised $2 million in just 29 hours. The self-crowdfunding round was backed by more than 800 investors. Birchal says its own round was the fastest this year and the largest as well. Birchal is… Read More

December 11, 2024 @ 3:14 pm By JD Alois  |  

Today, the Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra outlined his accomplishments while at the agency in his opening statement, mentioning that they are working on addressing the challenges of debanking. Blocking people from the banking system has emerged… Read More

December 11, 2024 @ 11:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against three Nigerian nationals for scamming investors out of $2.9 million. According to the SEC, the trio impersonated legitimate investment advisors and conning around 28 investors. At the same time, the United States Attorney’s Office for… Read More

December 11, 2024 @ 10:38 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

December 11, 2024 @ 9:52 am By JD Alois  |  

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

December 11, 2024 @ 9:30 am By JD Alois  |  

LendingClub (NYSE:LC) became a public firm in an IPO held on December 11, 2014 – ten years ago today. At that time, the transition of the high-profile Fintech from a private firm to a publicly traded company was heralded as a coming-of-age moment for the… Read More

December 11, 2024 @ 8:23 am By JD Alois  |  

Expectations are high that the Trump Administration will support financial innovation and entrepreneurship. Many Fintechs are elated with his election, as it contrasts to the difficult environment during the Biden Administration. The Financial Technology Association (FTA) has published a “Fintech Policy Roadmap” that the administration… Read More

December 10, 2024 @ 5:27 pm By JD Alois  |  

The SEC Investor Advisory Committee met today, and one of the topics reviewed was access to alternative assets. More specifically, the fast-growing private securities markets. Private securities in both debt and equity markets have boomed in recent years. Meanwhile, public securities have diminished due to… Read More