Credit cards may soon be a thing of the past as consumers will ditch the plastic and opt for digital solutions, according to financial company, Affirm.
The company recently launched an alternative lending app., that doubles as a digital credit card. Jack Chou, the company's Head of Product, joined us to discuss his strategy to reinvent credit.
Chou breaks down the three reasons credit cards are broken. He says companies profit off of consumer missteps and interests are not aligned. Also, traditional credit companies make more money on fees than other services, something his company is looking to counter.
Chou highlights that Affirm doesn't profit off user missteps, and its goal is to be transparent. With the new product, Affirm believes it is reinventing credit for the 21st Century.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
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Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
