Quote To Start The Day: “When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” Source: Henry Ford One Big Thing In Fintech: The Consumer Financial Protection Bureau’s proposal to collect data on small-business loans has been over a decade in the making, but the fight over the rulemaking is just getting started. The agency’s plan unveiled Sept. 1 has sparked industry concerns that the reporting regime will lead to more fair-lending enforcement and public shaming of banks for alleged discrimination against minority-owned businesses. Bankers are also worried the CFPB’s proposed criteria for which lenders report the data are too broad. Source: American Banker Other Key Fintech Developments: Firms Plaid, JPM, Stripe could buy. IBKR adds crypto trading via Paxos. FlyCoin intros rewards for traveling. MoneyLion intros crypto investing. Evercore taps Citi leader for fintech. Billogram secured $45M for billing. NCR is named top fintech provider. Litecoin Foundation goofs on news. DivideBuy adds $415M investment. Stake offers cheapest ASX trading. Vouch secures $90M in two rounds. FB, Biden clash amid fintech battle. Nubank has teamed with Creditas. Coinbase to add a $1.5B bond sale. Marqeta and Zip grow from BNPL. Commercetools has added $140M. Monzo and Revolut to intro BNPL. BlockFi CEO eyes regulatory clarity. MS hired on a UBS fintech banker. Addison investing in a fintech fund. Meet Zerodha the trading platform. Watch Out For This: A handful of European exchange-traded products have logged gains in the triple digits and beyond, but few are available to U.S. investors. Source: Wall Street Journal Interesting Reads: Intuit to acquire Mailchimp for $12B. Animal Capital on new investments. BLK: Equities over credit and bonds. Democrats to undo deductions cap. COVID-19 cases finally start to drop. Quit and do nothing is a bad choice. Market Moving Headline: The growth scare that has prompted investors to seek safety in technology companies is overdone as the economic drag from the delta coronavirus variant is likely short-lived, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic. Source: Bloomberg © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.