Category: Personal Finance
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Personal Finance
Personal Finance
CFPB Drops Suits Against Capital One, Solo Funds
With major changes underway at the U.S. Consumer Financial Protection Bureau (CFPB), the agency has now dropped several cases it had in the works. What's happening: Several cases filed by the CFPB against banks, lenders, and FinTechs in recent months are now being withdrawn. This comes as acting CFPB Director Russell Vought in conjunction with the Department of Government Efficiency (DOGE) have moved to terminate hundreds of agency employees and halt other...
Personal Finance
SEC Announces End to Robinhood Crypto Probe
The Securities and Exchange Commission (SEC) has concluded its investigation into Robinhood's crypto business and will not be suing the FinTech. About the announcement: In a blog post on its website, Robinhood revealed that it had been informed by the SEC’s Enforcement Division that an investigation into the company's cryptocurrency operation had concluded. Furthermore, following this inquiry, the agency did not intend to move forward with any enforcement action. This...
Personal Finance
Report: Varo Bank Raises $29 Million Series G, Replaces CEO
According to reports, Varo Bank has not only raised a new round of funding but has also named a new Chief Executive Officer. What's happening at Varo: As TechCrunch reports, per an SEC filing, Varo has raised a $29 million Series G. However, the FinTech bank had apparently been seeking $55 million in funding. Moreover, this comes after a 2023 $50 million equity round that valued the firm at $1.85...
Personal Finance
Southwest Announces Latest Companion Pass Flash Promotion
For a limited time, Southwest fliers can score a promotional Companion Pass, good for use later this year. About the offer: Southwest Airlines is bringing back its popular Companion Pass flash offer. First, customers can register for this promotion and must book a flight (one round-trip or two one-way) on the airline between now and February 20th, 2025. Then, they must travel by March 31st in order to claim a...
Personal Finance
Banking Tech Provider Zeta Announces $50 Million Funding Round
The banking technology company Zeta has announced its latest funding and a milestone valuation. About the round: This week, Zeta announced that it had raised an additional $50 million. While the company didn't specify, this was a Series D according to Crunchbase. The site also states that the round was led by Optum. Notably, the latest round values Zeta at $2 billion, which marks a 70% increase from the $1.15...
Personal Finance
"Buy What You Love Without Going Broke" Book Review
Last month, while reviewing George Kamel's book, I noted that I had learned about him through his appearance and my attendance at FinCon 2024. That's the backstory with this month's book selection: Buy What You Love Without Going Broke by Jen Smith and Jill Sirianni (hosts of the Frugal Friends podcast). In fact, after her moving keynote speech on the final day of the event, Smith mentioned that this book...
Personal Finance
