Economic News
Personal Finance
Majority of Americans Still Prefer Tax Refunds Despite Drawbacks
As the 2020 tax deadline nears, the volume of tax prep commercials is steadily increasing. In many of these ads, the service advises that their customers see the largest refunds. However the irony of such spots is that, according to some experts, large refunds are actually not ideal as they essentially amount to giving the federal government a free loan. Nevertheless a new survey conducted by the personal finance magazine...
FinTech News
FinTech Startup Astra Joins Visa's Fast Track Program
For FinTech startups, speed is the name of the game. As we've seen time and time again, it's important for these firms to acquire customers as quickly as possible, with venture capital often helping fuel their race against the clock. That's where the Visa Fast Track program comes in, making it easier for apps and tools to utilize the company's infrastructure. The latest FinTech to come aboard the Visa Fast...
Small Business News
OnDeck Survey Ranks Business Owners' Preferred Presidental Candidates
Last night the lead up to 2020 presidential election officially got underway as the Iowa caucuses saw the first votes being cast for the candidates. However, as of this writing, the results of the evening have yet to be released following some apparent snafus. In the meantime a recent national survey by online lender OnDeck asked small business owners who they preferred in the presidential race. The latest survey (conducted...
FinTech News
Bitcoin IRA Reaches $400 Million in Crypto Transactions
A company facilitating the ability to invest in cryptocurrencies via a retirement account has just reached a monetary milestone. Launched in 2016, Bitcoin IRA announced this week that it had surpassed $400 million in cryptocurrency transactions. The accomplishment also comes a year after their 24-hour-a-day self-trading crypto platform launched. News of this milestone follows what was a successful 2019 that found Bitcoin IRA expanding its offerings. Perhaps most notably, in October...
FinTech News
FinTech Lender LendUp Hits $2 Billion in Loans
It seems that, every few months or so, another survey shows that the majority of Americans would be unable to cover an unexpected expense of a few hundred dollars or more. As a result, despite the best efforts of regulators, so-called "payday loans" continue to be a popular albeit expensive choice for consumers. That's where the FinTech lender LendUp comes in, offering an option for quickly-funded short-term loans meant to...
Personal Finance
Digital Bank Bask Launches, Offering Airline Miles Instead of Interest
These days there are dozens of digital banks, sometimes referred to as "challenger banks." While these branch-less offerings often bear benefits that make them more attractive than traditional banks, even the best among them fail to truly break the mold. Now one online saving account is trying something a bit different and looking to appeal to aspirating travelers in the process. Texas Capital Bank has announced the launch of its...
Small Business News
