Senators voice concerns over ‘fintech’ startups

The recent rapid growth of the financial technology sector has been putting pressure on banks as startups demonstrate their increasing ability to disrupt traditional financial services. Now, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., of the U.S. Senate Committee on Banking, Housing and Urban Affairs, have put the pressure on regulators to demonstrate how [...]

By |2017-04-24T10:09:46-04:00Monday, August 8, 2016|

No windfall in early days of small-business crowdfunding

NEW YORK (AP) — The idea that grew out of the Great Recession was promising: Let small businesses raise money from individual investors online without all the paperwork that usually accompanies the process of going public. But investment crowdfunding so far doesn’t appear to be the bonanza for small companies its supporters envisioned back in [...]

By |2016-07-11T08:50:46-04:00Friday, July 8, 2016|
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