The Federal Trade Commission (FTC) announced on Tuesday that it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted […]

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Welcome to the third and final day of TechCrunch Disrupt 2024 at Moscone West in San Francisco! The excitement here is still in full swing, and there’s no slowing down.  If you thought it was too late to join, think again—there’s still time to register and be part of the action. Today brings some of […]

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Welcome to TechCrunch Fintech! This week we’re looking at a company making a rare entrance into India’s significant — but locked-down — banking market and a new lawsuit facing SoLo Funds. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story Indian fintech Slice seals bank […]

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This October, many Elon Musk believers are wondering, where is X Payments?

Last year, Musk claimed in a Spaces conversation that he "would be surprised" if it took longer than mid-2024 to roll out the payments feature that he believes is crucial to transforming the social media app formerly known as Twitter into an everything app.

“It would blow my mind if we don’t have that rolled out by the end of next year,” Musk said around this time last year, clarifying that "when I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform. Money or securities or whatever. So, it’s not just like 'send $20 to my friend.' I’m talking about, like, you won’t need a bank account."

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