This is why fintechs have to have strong legal & compliance teams, especially when you reach a certain size. This reminds me of their debacle where they launch

This is why fintechs have to have strong legal & compliance teams, especially when you reach a certain size. This reminds me of their debacle where they launched a checking product with a high interest rate and promising it was backed by the federal government...without ever asking the government if that was true.