Low fees and high interest rates are allowing VC-funded "neo-banks" like Chime, Aspiration, Empower, and Varo to compete with the big consumer banks in the US (Nathaniel Popper/New York Times)
Low fees and high interest rates are allowing VC-funded “neo-banks” like Chime, Aspiration, Empower, and Varo to compete with the big consumer banks in the US — SAN FRANCISCO — After the financial crisis 10 years ago, unhappy customers were expected to flee the megabanks for smaller competitors.
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