Michael Roddan

The seemingly mundane world of human resources management startups is not the place you’d expect to see cutthroat corporate blood sport, battles linked to global geopolitics, and questions about whether companies took on the wrong customers to boost growth. But Deel and Rippling are hardly ...

Two big fintechs, banking app Chime and “buy now, pay later” firm Klarna, are getting ready to go public. While they were primping and polishing, they got a pleasant surprise from Washington this week: The Donald Trump administration effectively shut down the top consumer finance regulator. The ...

Fast-growing human resources and payroll startup Deel has been dragged into a dispute involving a Florida Ponzi scheme, in the latest legal action connecting the firm to fraudulent or illegal movement of money. In a lawsuit filed in federal court in Florida last week, Deel was accused of ...

The Department of Justice and the Federal Trade Commission have expanded a lawsuit alleging banking fintech Dave misled customers and charged hidden fees, adding the company’s CEO Jason Wilk as a defendant. The lawsuit, filed on Monday, said Dave misled customers by charging hidden fees and making it difficult for users to cancel monthly “tips” they pay to access cash advances. The lawsuit

Last year, the board of now-collapsed fintech startup Synapse Financial Technologies discussed whether to remove the company’s CEO, Sankaet Pathak. At the time, discrepancies in Synapse’s ledgers were piling up, which the board was aware of. Andreessen Horowitz General Partner Angela Strange ...

In just two years, Chinese-owned Temu has come out of nowhere to become one of the best-known bargain shopping sites, known for its ultracheap and sometimes wacky gadgets and apparel. U.S. consumers are expected to spend about $18 billion on the site this year. Behind the scenes, though, Temu ...

The Consumer Financial Protection Bureau has banned Goldman Sachs from launching new credit cards without approval and fined the bank $65 million for failing to properly handle customer disputes and making misleading claims related to its Apple card program . The CFPB also fined Apple $25 million after finding the company failed to send tens of thousands of transaction disputes to Goldman

Bank of America said it has doubled its artificial intelligence and machine learning-related patents in the last two years amid a move by large financial institutions to tout their technology bonafides. The bank on Wednesday said its portfolio of patents and pending applications now includes almost 1,100 AI and machine learning patents, a 94% increase since 2022. The bank has deployed AI

For more than two decades, Wells Fargo was a juggernaut in a behind-the-scenes business that supported some of the biggest payments companies in the world. The bank’s abrupt exit from that market this year has left a major hole. Block’s Square, for instance, is still hunting for a replacement ...

Morgan Stanley joined its rivals reporting resurgent investment banking activity on Wednesday, adding to signs Wall Street is enjoying a healthier environment for dealmaking and trading. Morgan Stanley’s third-quarter profit rose 32% to $3.2 billion in what chief executive Ted Pick described as a “constructive” environment across the bank’s global footprint, adding to a chorus of rebounding