Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
FinTech News
Mobile Bank Varo Money Refiles for FDIC Insurance
by Fioney Staff
For years one of the big questions surrounding FinTech is whether startups could one day become their own independent banks. Although a few companies have attempted to obtain charters of their own, they've had varying levels of success — none of which have been overwhelmingly positive. However, as Crowdfund Insider reports, this week Varo Money reapplied for FDIC insurance, moving them one step closer to becoming a true bank. This...
Small Business News
U.S. Houses Passes Two Small Business Cybersecurity Bills
by Fioney Staff
In recent years small businesses have proven a popular target for cybercriminals and hackers. Not only do many small businesses lack the technical resources larger operations have to protect themselves but a staggering number of owners also mistakenly believe they are too small for hackers to concern themselves with. Now, in response to the growing threat, the United States House of Representatives has approved two bills related to improving small...
FinTech News
Bitcoin Falls Back Below $10,000 as Cryptocurrencies Under Fire
by Fioney Staff
It seems that, when it comes to Bitcoin, Facebook giveth and Facebook taketh away. Just a few weeks after the announcement of Libra helped push Bitcoin over the $10,000 mark and as high as $14,000, the leading cryptocurrency is currently slumping and has fallen back down below that five-figure floor.
Small Business News
CNBC Reveals 2019 America’s Top States for Business Study
by Fioney Staff
Where should you launch your small business this year? CNBC has a few suggestions. Recently the network released its 2019 America’s Top States for Business study, ranking each of the 50 states (the District of Columbia was excluded) in terms of how attractive they are to businesses. CNBC's study considered a total of 64 factors and also broke results down into 10 main categories. These categories include Workforce, Economy, Infrastructure,...
FinTech News
European FinTech N26 Launches Banking Features in the U.S.
by Fioney Staff
Believe it or not, FinTech isn't just a Silicon Valley or even American phenomenon. In reality the world market is filled with startups looking to improve the financial lives of customers in their home countries and beyond. Now, as TechCrunch reports, one such overseas startup — Europe's N26 — is opening its banking features up to those stateside. In terms of what N26's U.S. accounts will offer, they're pretty much...
FinTech News
Federal Reserve Chairman Joins Chorus of Libra Critics
by Fioney Staff
Earlier this week, United States Federal Reserve Chairman Jerome Powell testified before Congress. While the meeting's big headline was Powell's suggestion that a rate cut was likely later this month — news that brought market indices to all-time highs — one company that was likely not too happy with everything Powell had to say was Facebook. That's because Powell joined those criticizing the social network's plans to introduce a cryptocurrency...
Personal Finance News
WalletHub Study Ranks States with Most and Least Student Loan Debt
by Fioney Staff
As the 2020 presidential election primary season heats up, one of the most talked-about campaign issues has been student debt. In fact several Democratic candidates have revealed plans to cancel the student debts of millions of Americans. Meanwhile a reported 10.9% of all student loan accounts were at least 90+ days delinquent as of earlier this year. With all that, the personal finance site WalletHub recently released a study ranking...