• Wells Fargo's Bilt Blunder and the Safety of Fintech Accounts: Navigating Modern Banking Risks

  • Jun 20 2024
  • Length: 7 mins
  • Podcast

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Wells Fargo's Bilt Blunder and the Safety of Fintech Accounts: Navigating Modern Banking Risks

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  • Summary

  • Wells Fargo's ambitious venture into a flashy rent credit card through their partnership with Bilt is proving to be expensive as they may have underestimated the savvy spending habits of Bilt cardholders. Additionally, concerns are rising regarding the safety of money in 'FDIC-insured' fintech accounts, questioning the reliability and assurance of financial protection in these modern banking alternatives.
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