Justin Bachman

1 week ago | bankingdive.com | Justin Bachman

Fintech startup Ramp has raised $200 million, at a $16 billion valuation, led by billionaire Peter Thiel’s Founders Fund, the New York City-based company said Tuesday. Ramp investors in the latest funding included Thrive Capital, the firm founded by Joshua Kushner, the brother of President Donald Trump’s son-in-law, Jared Kushner; and 8VC, a venture capital firm co-founded by Joe Lonsdale, a co-founder of Palantir Technologies, with Thiel.

1 week ago | paymentsdive.com | Justin Bachman

An open banking trend allowing banks and payments players to more easily share consumer data is likely to advance, regardless of vacillating U.S. regulatory policy, industry lawyers and executives say. The Consumer Financial Protection Bureau had decided to let open banking regulations take effect next year, but those 2026 compliance dates were thrown into question last year when bank groups sued the government to block the CFPB’s open banking rule.

1 month ago | paymentsdive.com | Justin Bachman

That move bends to bank groups that filed a lawsuit last year to block the Consumer Financial Protection Bureau rule aimed at making it easier for consumers to move their financial accounts.

1 month ago | bankingdive.com | Justin Bachman

The Financial Technology Association can intervene in a lawsuit bank trade groups brought seeking to quash a Consumer Financial Protection Bureau rule outlining a new U.S. open banking system, a federal judge ruled Wednesday. The association argued that the bureau was unlikely to defend its members’ interests in a case brought by banking groups over implementation of the open banking rule.

1 month ago | finance.yahoo.com | Justin Bachman

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. In late February, Marqeta replaced its former chief executive, naming Mike Milotich, the chief financial officer, to the additional role of interim CEO. It’s a title he might hold for a while as Milotich says Marqeta’s board is comfortable with the current executive team, allowing directors to conduct a thorough, deliberative search.