Hi! It’s Monday, July 11, 2022. We’re back from our July 4th break full of all the hot dogs crypto can buy…which is not that many. It’s tough times in Cryptoland. Here are the top stories from the past couple weeks: The CFPB issued an interpretive rule placing higher burdens on credit reporting companies with respect to consumers’ personal data; Klarna has revised down (again) its new funding target, now valuing the firm at $6.5 billion; the FTC sued Walmart for allegedly allowing millions of fraudulent money transmission FTX agreed to the option to buy BlockFi for pennies on the dollar, while fellow crypto exchange Voyager declared bankruptcy; and Meta formally shut down its Novi crypto wallet.
Fintech Update, 6/27 - 7/10
Fintech Update, 6/27 - 7/10
Fintech Update, 6/27 - 7/10
Hi! It’s Monday, July 11, 2022. We’re back from our July 4th break full of all the hot dogs crypto can buy…which is not that many. It’s tough times in Cryptoland. Here are the top stories from the past couple weeks: The CFPB issued an interpretive rule placing higher burdens on credit reporting companies with respect to consumers’ personal data; Klarna has revised down (again) its new funding target, now valuing the firm at $6.5 billion; the FTC sued Walmart for allegedly allowing millions of fraudulent money transmission FTX agreed to the option to buy BlockFi for pennies on the dollar, while fellow crypto exchange Voyager declared bankruptcy; and Meta formally shut down its Novi crypto wallet.