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British fintech Revolut gets full UK banking licence

British fintech Revolut gets full UK banking licence

British fintech company Revolut on Wednesday said it had obtained a full UK banking licence from regulators, lifting restrictions on it competing with established retail lenders. "This milestone means that Revolut Bank UK... will be able to start offering accounts as a fully licensed bank for both retail and

CEO of Brazil's Nubank on pending US market entry, Trump, AI: interview

CEO of Brazil's Nubank on pending US market entry, Trump, AI: interview

Nubank CEO David Velez, whose massive Brazil-based digital bank is on the verge of entering the prized US market, hailed a "positive" regulatory climate under President Donald Trump in an interview with AFP. Promising to free users from banking bureaucracy, the company -- which has 131 million clients

Polling shows voters want 10% interest rate cap, groups say

(The Center Square) – Nearly two-thirds of voters support a 10% cap on credit card interest rates, even if it means fewer rewards programs or tougher access to credit. The poll, conducted by Data for Progress and commissioned by Groundwork Collaborative and Protect Borrowers, also found that nearly half of

Community banks connect with students at Jabs networking event

Community banks connect with students at Jabs networking event

The Jake Jabs College of Business and Entrepreneurship held its first formal “Community Banking Network Night” (CBNN) on Jan. 28 in Jabs Hall. The event was designed for students who are interested in finance, lending, credit analysis and other aspects of community banking, according to its website. Attendees could meet

Helena couple accused of elder exploitation; wife faces more charges involving minor

A Helena couple was charged with felony elder exploitation after authorities said incidents occurred in 2021 that involved the father of one of the accused who was in his 70s and had Alzheimer's. Charging documents were filed Dec. 16 in Lewis and Clark County District Court against Nicholas

Alumni Foundation creates working group to study divestment

Alumni Foundation creates working group to study divestment

In response to activism by the Campus Climate Coalition (CCC), the MSU Alumni Foundation’s Board of Governors has created a working group to study divesting the university’s $225 million endowment from funds containing companies operating in industries such as fossil fuels, private prisons, and tobacco. The CCC was

College students benefit from new stimulus bill

President Joe Biden’s $1.9 trillion-dollar American Rescue Plan stimulus package is one of the largest relief bills in American history and is the third economic relief bill passed since the onset of the COVID-19 pandemic. Unlike previous iterations, college students and other dependents over the age