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TD Bank's Legal Woes, SoFi's New Offerings, and Capital One's AirKey Innovation

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Manage episode 444525528 series 3586686
Konten disediakan oleh Fred E. Cadena. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Fred E. Cadena atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
In today's episode of Banking on Disruption Daily, we begin with a significant development involving TD Bank's American unit, which is reportedly set to plead guilty to anti-money laundering failures, facing up to a $3 billion penalty. As part of the plea deal, growth restrictions in the U.S. and the appointment of independent monitors are expected. This comes amid allegations of laundering by a Chinese criminal operation, prompting potential leadership changes. We also cover SoFi Technologies' launch of two new credit cards tailored for rewards and credit building, along with a Directed Share Platform, reinforcing SoFi's commitment to enhancing consumer financial wellness. Additionally, Capital One introduces AirKey, a new tap-based anti-fraud tool now equipped on over 75 million cards, while LendingClub and Pagaya Technologies acquire Tally's assets to expand their consumer and business finance capabilities. Finally, credit unions show notable growth in managing debts, and the Sierra Club criticizes U.S. megabanks for climate policy shortcomings, urging a transition to cleaner energy.
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47 episode

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iconBagikan
 
Manage episode 444525528 series 3586686
Konten disediakan oleh Fred E. Cadena. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Fred E. Cadena atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
In today's episode of Banking on Disruption Daily, we begin with a significant development involving TD Bank's American unit, which is reportedly set to plead guilty to anti-money laundering failures, facing up to a $3 billion penalty. As part of the plea deal, growth restrictions in the U.S. and the appointment of independent monitors are expected. This comes amid allegations of laundering by a Chinese criminal operation, prompting potential leadership changes. We also cover SoFi Technologies' launch of two new credit cards tailored for rewards and credit building, along with a Directed Share Platform, reinforcing SoFi's commitment to enhancing consumer financial wellness. Additionally, Capital One introduces AirKey, a new tap-based anti-fraud tool now equipped on over 75 million cards, while LendingClub and Pagaya Technologies acquire Tally's assets to expand their consumer and business finance capabilities. Finally, credit unions show notable growth in managing debts, and the Sierra Club criticizes U.S. megabanks for climate policy shortcomings, urging a transition to cleaner energy.
  continue reading

47 episode

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