Blurred Lines, Red Flags and a Stalking Horse
Chime plans to acquire Stride Bank, signaling a shift from fintech partner to bank owner, with expected synergies of over $100M by 2027. Green Dot is taking the opposite approach: CommerceOne Bank will acquire Green Dot Bank, while Green Dot’s…
Is it a Bank? Is it a FinTech? Is it Superman?
Many fintechs look like banks to the user but are not actually banks and are therefore not themselves FDIC-insured. Instead, they typically partner with chartered banks that hold deposits, issue cards, and provide regulated banking services, while the fintech provides…
Household Debt Climbs 40% Since 2018
U.S. household debt has risen more than 40% since 2018, driven largely by mortgage and home equity borrowing, while credit card and auto loan balances continue to climb. While the banking industry asset quality remains relatively stable, the recent failure…