Author: Kyle Burbank
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The Synapse/Evolve Debacle Has Gotten Better and Worse
After several stressful weeks, end users with neobanking accounts that utilized Synapse and had funds held at Evolve Bank & Trust got a few answers in recent days. Unfortunately, not all of those answers were satisfying, leading to even more questions. Let me back up just in case you missed my previous article explaining the…
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Study Highlights States Seeing Largest Auto Loan Rate Increases
A recent study found that auto loan rates in certain states have increased by more than 2% in the last quarter. About the results: New data from the personal finance site WalletHub found that auto loan rates increased in all but four states between the second and third quarter of this year. As the site…
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Bask Bank Adjusts Miles-Earning Savings Account Rate Downward
A bank that allows you to earn airline miles instead of interest is now lowering its rate. About the changes: Recently, Bask Bank made an update to its Mileage Savings Account. Previously, customers could earn 2.5 miles for $1 saved annually. This means that someone who held $10,000 in their account would earn a total…
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CLEAR Plus Pilots Paid Curb-to-Gate Assistance Service Option
CLEAR is introducing two VIP service options exclusively for CLEAR Plus members. About CLEAR Ambassador Assist: The biometric identity verification service CLEAR is now offering new services that will allow travelers to gain VIP assistance. Dubbed CLEAR Ambassador Assist, this platform allows customers to book Curb-to-CLEAR or Curb-to-Gate services. With each of these options, a…
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Neobank Chime Re-Ups Partnership with Dallas Mavericks
A popular neobanking app is renewing and expanding its partnership with one of the NBA’s top teams. About the partnership: After initially joining as a sponsor in 2020, Chime recently revealed that it was extending its strategic partnership with the NBA’s Dallas Mavericks. As a result, the team will continue to wear Chime patches on…
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Lessons From a First-Time Home Buyer: How FICO’s New Tool Could Benefit Mortgage Applicants
Applying and getting approved for a mortgage can be a lengthy process. As I learned, this is especially true if you’re self-employed — but it could also be a challenge given your credit situation. On that note, FICO is apparently rolling out a new tool to mortgage lenders that will hopefully enable them to give…
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Subcontractor Financial Solution Platform Billd Raises $17.5 Million
A platform that focuses on the financing for subcontractors has raised a new round of funding itself. About the round: This week, Billd announced that it had raised $17.5 million in “strategic funding.” The round was led by LL Funds as well as MissionOG. RJT Credit, Ulysses Management, and HighSage Ventures also participated. Previously, Billd…
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American Express Gold Card: How to Use the Resy Credit
When American Express debuted its revamped Gold Card this summer, one of the biggest additions was a $100 credit for Resy. For those unfamiliar, Resy is a restaurant reservation platform that Amex acquired back in 2019 — so it makes sense that the card company would want to leverage the service and make it a…
