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Posts Tagged ‘credit’

FBI secretly demands a ton of consumer data from credit agencies. Now lawmakers want answers

Recently released documents revealed the FBI has for years secretly demanded vast amounts of Americans’ consumer and financial information from the largest U.S. credit agencies. The FBI regularly uses these legal powers — known as national security letters — to compel credit giants to turn over non-content information, such as records of purchases and locations, ...

Credit startup Migo expands to Brazil on $20M raise and Africa growth

After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Group Capital. The San Mateo based company — previously branded Mines.io — provides AI driven products to large firms so those companies can extend credit to underbanked ...

Credit Karma glitch exposed users to other people’s accounts

Users of credit monitoring site Credit Karma have complained that they were served other people’s account information when they logged in. Many took to a Reddit thread and complained on Twitter about the apparent security lapse. “First time logging in it gave me my information, but as soon as I refreshed the screen, it gave ...

Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.

Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is one of the slew of new ideas coming from businesses that are angling to help build up credit scores for folks who can’t (or won’t) ...

Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas

As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth across the region continues to rise, access to adequate financial services — specifically debt — has become a pain-point for an upwardly mobile middle class ...

Amazon’s new rewards card targets those with bad credit

Amazon this morning announced the launch of Amazon Credit Builder, a new secured credit card offered in partnership with Synchrony Bank. As the name implies, the card is aimed at those who are looking to build their credit history — either to recover from bad credit or to establish new credit. Like other credit products ...

Student loan refinancing startup Splash Financial raises $4.3 million

Splash Financial, a Cleveland-based startup that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a round of venture financing. The round was led by CUNA Mutual Group, a PenFed partner, and Northwestern Mutual Future Ventures, the corporate investment arm of Northwestern Mutual. As student loan debt ...

Targeting payday lenders, Branch adds pay on-demand features for hourly workers

Branch, the scheduling and pay management app for hourly workers, has added a new pay-on-demand service called Pay, which is now available to anyone who downloads the Branch app. It’s an attempt to provide a fee-based alternative to payday lending, where borrowers charge exorbitant rates to lenders on short term loans or cash advances. Borrowers ...

MyEquifax.com is yet another security disaster

One would think that having one of the most high-profile breaches in recent memory would make a company take security to heart, but Equifax is full of surprises. The latest is that its MyEquifax.com site, to which the company invites those affected by its poor security practices to freeze and unfreeze their credit, itself has ...

Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and website

Financial technology company Affirm, which offers consumers an alternative to cash and credit when paying for large purchases, has scored a notable new partner: Walmart. The companies announced this morning that Affirm’s financing options would be made available in over 4,000 Walmart Supercenters across the U.S., and will roll out to Walmart.com in the weeks ...