It’s not every day the gossip site
Many Gawker readers posted outraged comments about the idea that the card will appeal to teens. "This is the most expensive fee schedule I have ever seen," one commenter wrote. "This is straight up 'let's take advantage of some dumb young people.' " (The card’s monthly fee is comparable to those of other prepaid offerings, but it requires payment of six or 12 months' fees up front.) A few attentive readers noted that the Gawker/BusinessInsider headline erred in describing the product as a "credit" card.
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The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.
5h ago -
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
November 21 -
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.
November 21 -
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
November 21 -
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
November 21 -
Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.
November 21