In a move signaling a significant shift in the financial technology landscape, buy now, pay later (BNPL) giant Affirm Holdings has officially applied for a bank charter in Nevada. By seeking to establish Affirm Bank, a state-chartered industrial loan company (ILC), the company is aiming to break
A seismic legal confrontation is brewing at the intersection of American politics and high finance, as former President Donald Trump has initiated a staggering $5 billion lawsuit against the financial behemoth JPMorgan Chase and its prominent Chief Executive Officer, Jamie Dimon. The lawsuit,
The landscape of employee benefits is undergoing a significant transformation as companies increasingly recognize that financial stability is a cornerstone of a productive and engaged workforce. In this evolving environment, financial technology firms are playing a pivotal role. One such company,
The once-unquestionable sanctity of a private banking relationship is now at the center of a national firestorm, with a former president threatening to sue one of the world's largest financial institutions over claims of politically motivated account closures. Former President Donald Trump’s
The once-uniform landscape of the banking world’s work culture has fractured, with one major bank's decision to mandate a full return to the office sending definitive shockwaves through the financial sector. This move has drawn a clear line in the sand, forcing both institutions and individuals to
A single social media post advocating for a nationwide 10% cap on all credit card interest rates sent immediate shockwaves through the financial world, igniting a fierce debate over consumer protection and economic reality. The proposal, championed by former President Donald Trump, was framed as a
