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CFPB sues credit card company over excessive fees

Payments Dive

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

Through partnerships with credit bureaus, the app also provides access to users’ credit scores, enabling them to explore opportunities for credit cards, loans, and other financial products. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.

FinTech 105
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Brex Raises VC Funding As It Launches Card For Startups

PYMNTS

Brex said it spent the last year working with its customers to develop a product using technology to help get around the financial and regulatory hurdles that usually prevents early-stage companies from credit card services.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In March 2019, Amazon announced an integration with Worldpay , which serves as a back-end intermediary between banks and credit card companies and is one of the largest payment processors in the world. Get a data-driven look at how Amazon is attacking financial services and where it’s rumored to be looking next.