Finance comparison sites — hiding in plain sight.

Finance comparison sites — hiding in plain sight.

When banks and tech vendors talk about marketing, they rarely mention comparison sites. Which is odd when you look at the numbers. Credit Karma claims 85 million members in the U.S. and Canada and almost half of all millennials. NerdWallet has three million members and 100 million visitors a year. There are many others, including MagnifyMoney and Bankrate.

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A regulatory battle over fintech.

A regulatory battle over fintech.

The idea of fintechs becoming full-service banks is one that’s been long debated, and it’s come to the forefront since the Office of the Comptroller of the Currency last year began taking applications for a national bank charter from fintech companies. Since that time, there has been much debate on the nature of the charter or whether it’s even necessary. But comments this week from the Federal Reserve may scupper the dreams of fintechs becoming banks.

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