
Consumer Daily Reports
Consumer News: Walmart plans to launch a fintech company
- Details
- Category: Consumer Daily Reports
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13 Jan 2021
- Last Updated: 13 January 2021
- Published: 13 January 2021
- Written by Consumer Affairs News

It’s collaborating in the venture with Ribbit Capital, the company behind investment platform Robinhood and the consumer technology platform Credit Karma.
Walmart says the venture will combine Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates.
“For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs. And they’ve made it clear they want more from us in the financial services arena,” said John Furner, CEO of Walmart U.S.
Left unsaid is what the new venture will be called and when it will launch. Walmart did say that it would hold a majority stake in the new firm. Walmart also did not disclose what types of services the new company would offer. However, typical fintech companies might offer some or all of these services:
Banking.
Insurance.
Loans.
Personal finance.
Electronic payments.
Loans.
Venture capital.
Wealth Management.
Revolutionary partner
Ribbit Capital’s Robinhood has revolutionized online trading. A favorite among millennial investors, Robinhood grew quickly because it doesn’t charge commissions on transactions, a move that forced other online brokers to drop end their commissions as well.
Walmart said its existing financial services remain in place. They include Walmart Credit Card, Walmart Money Card, check cashing, money transfers, and installment financing.
This isn’t Walmart’s first foray into the world of technology. Last year it threw its hat in the ring as a potential buyer of TikTok when the Trump administration said it would force a sale by the company’s Chinese owner.
Posted: 2021-01-13 12:16:01
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Aprenda a detectar propuestas de negocios, programas de asesoría y oportunidades de inversiones que son estafas y cómo evitarlas. Para aprender más visite https://ftc.gov/estafasdeingresos *********************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses
Published: 14th Dec 2020 04:05:45 By: FTCvideos
FTC Video: How to Avoid Income Scams | Federal Trade Commission
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Learn about scams disguised as legitimate business offers, coaching programs, and investment opportunities and how to avoid them. Learn more at https://www.ftc.gov/incomescams. **************************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses
Published: 14th Dec 2020 04:04:51 By: FTCvideos
FTC Video: Cómo Reportar Fraude en ReporteFraude.ftc.gov | Federal Trade Commission
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Este video demuestra cómo reportar fraude, estafas, y malas prácticas comerciales a la Comisión Federal de Comercio (Federal Trade Commission, FTC) en https://ReporteFraude.ftc.gov y por qué es importante hacerlo. ****************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses
Published: 5th Nov 2020 03:59:43 By: FTCvideos
FTC Video: ¿Por qué reportar el fraude?
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Si piensas que viste una estafa, habla con alguien. Podrías ayudarle a alguien a evitar esa estafa. Y después, repórtalo a la Comisión Federal de Comercio en https://reportefraude.ftc.gov. Tu historia le podría ayudar a la FTC a parar a los estafadores. *************************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses
Published: 22nd Oct 2020 02:45:32 By: FTCvideos
FTC Video: Why Report Fraud? | Federal Trade Commission
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If you think you see a scam, talk with someone. Your story could help someone avoid that scam. Then report it to the Federal Trade Commission at https://ReportFraud.ftc.gov. Your story could help the FTC stop the scammers. ****************************** Transcript: We all see scams. Even if we don't buy into one, we all get the calls, emails, and letters. Why are there so many? Well, scammers see us all as targets, so they keep trying to get our money or Social Security number or account numbers. And they're good at what they do. They know how to knock us off balance just long enough to take advantage. That's why we need a plan. So if you think you've spotted a scam, what do you do? First, tell somebody. The call or email might seem urgent, but slow down. Talk to a family member, friend, or neighbor. Tell them the story. Sometimes just saying it out loud helps. Maybe your friend got a similar message or knows someone who has. Or your story might just help your neighbor avoid that scam. Then tell the Federal Trade Commission. The FTC sues scammers and works to shut them down. When you report a scam to the FTC, investigators use your information to build cases against scammers. Other law enforcement agencies can see the reports, too, and use them to further their own investigations. Your story makes a difference. Every report is a piece of the puzzle that lets the FTC see the full picture of what scammers are doing and then stop them, because scammers don't scam just one person. But you could be the one person whose story tips the balance, stops someone from falling for the scam, or stops the scammer. So tell your story. As soon as you think you see a scam, talk with someone, and then tell the FTC. ****************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses
Published: 22nd Oct 2020 01:08:11 By: FTCvideos
DIY Video: FOUR Natural Cleaning Products You Can Make at Home | HOME | Great Home Ideas
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Tara Dennis shares four recipes for natural cleaning products: a furniture polish, anti-bacterial spray, all-purpose cleaner and fabric softener. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.
Published: 23rd Jan 2021 11:30:00 By: Great Home Ideas
DIY Video: How to Grow Healthy and Beautiful Orchids | GARDEN | Great Home Ideas
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Graham Ross shares his top tips for growing orchids at home. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.
Published: 22nd Jan 2021 11:30:00 By: Great Home Ideas
DIY Video: These Three Display Homes are FULL of Ideas for Your Next Renovation | HOME | Great Home Ideas
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Johanna Griggs and Pete Colquhon visit three very different display homes to share some inspiration for your next renovation. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.
Published: 21st Jan 2021 11:30:03 By: Great Home Ideas
DIY Video: The Flat Pack Challenge | DIY | Great Home Ideas
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Adam Dovile and Jason Hodges race against the clock to build a flat-pack bed in the fastest time possible. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.
Published: 20th Jan 2021 11:30:06 By: Great Home Ideas
DIY Video: This Inspiring Artist Makes AMAZING Sculptures From Steel | GARDEN | Great Home Ideas
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Jason Hodges meets Victorian artist, Kerriann, who handcrafts bespoke fire pit sculptures out of steel. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week.
Published: 19th Jan 2021 11:30:00 By: Great Home Ideas
Business Video: Wall Street Week - Full Show (01/22/2021)
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Jan.22 -- One of the most iconic brands in financial television returns for today's issues and today's world. This week's Wall Street Week features David Westin's interviews with Former Treasury Secretary Lawrence H. Summers, Former Council of Economic Advisers Chairman Glenn Hubbard, Former Commerce Secretary Penny Pritzker, Council on Foreign Relations President Richard Haass, Former FDIC Chair Sheila Bair, and Charles Schwab Chief Investment Strategist Liz Ann Sonders. The conversations highlight the changes for the business community with a new President, what a Treasury Secretary Yellen will mean for further fiscal stimulus, and what economic restrictions mean for earnings expectations.
Published: 23rd Jan 2021 04:24:12 By: Bloomberg Markets and Finance
Business Video: Summers & Hubbard on a $15 Minimum Wage: Roundtable Responds
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Jan.22 -- Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says a gradual increase in the minimum wage would be ideal, but prefers a jump to $15 to inaction. Former Council of Economic Advisers Chairman Glenn Hubbard says raising the minimum wage is fine, but thinks an earned income tax credit would be better. They join David Westin on "Bloomberg Wall Street Week."
Published: 23rd Jan 2021 02:08:49 By: Bloomberg Markets and Finance
Business Video: Summers Says: Markets Will Survive Reddit Traders
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Jan.22 -- Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says markets will survive the actions of Reddit-charged day traders, but regulations need to be more modern. He joins David Westin on "Bloomberg Wall Street Week."
Published: 23rd Jan 2021 01:59:01 By: Bloomberg Markets and Finance
Business Video: There Are Micro Bubbles in the Market: Sonders
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Jan.22 -- Charles Schwab Chief Investment Strategist Liz Ann Sonders says she sees micro bubbles in the market. She says that the froth coming from the retail investors piling into low-priced stocks is different from the bubble on the late 1990s to 2000s. She joins David Westin on "Bloomberg Wall Street Week."
Published: 23rd Jan 2021 01:41:13 By: Bloomberg Markets and Finance
Business Video: One More Thought: Presidential Peloton
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Jan.22 -- David Westin has "One More Thought" on security concerns over President Biden's Peloton.
Published: 23rd Jan 2021 01:26:13 By: Bloomberg Markets and Finance
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