Kraken Launches U.S. Derivatives Arm

Investing

Kraken, one of the largest cryptocurrency exchanges, with $43 billion in assets and 2.5 million customers, is expanding into crypto derivatives in the U.S. in a bid to position itself as a full-service trading house…

JPMorgan Chase Is Right To Charge Fintechs For Data Access

Banking

OBSERVATIONS FROM THE FINTECH SNARK TANK JPMorgan Chase notified fintech data aggregators that, starting later this year, it plans to charge for access to customer data. Not surprisingly, the responses from the fintech community has been negative and, unfortunately, often overstated or flat out wrong. No amount of belly aching…

What To Know About Preapproved Auto Loans

Mortgage

Key takeaways Preapproval can give you a firm idea of how much you can spend and what your monthly payment will be. Negotiating your out-the-door price and financing can be easier once you have a preapproval offer. A preapproval offer doesn’t lock you in, so you can compare other options…

Can President Joe Biden Forgive Student Loans?

News

UPDATE as of June 30, 2023: The Supreme Court has blocked Biden’s student loan debt relief program—which means this forgiveness will not be happening. Well, it’s finally happening . . . maybe. President Biden recently announced his plan to forgive some student loan debt—up to $20,000 per borrower to be exact.…

Here’s How Much A $1 Million Annuity Pays Per Month In Retirement

Mortgage

For many retirees, securing a steady stream of income is a top priority. One way to protect against the risk of outliving your savings is through an income annuity, a financial product that provides guaranteed monthly payouts in exchange for a lump sum investment. Income annuities come in two forms:…