Racist and greedy banking practices, the evolving crowdfunding sector…
Plenty of news in Today’s Daily Dig
Bank sued for racist lending practices
Hidden racial criteria and larger amounts provided to whites with lower qualifications are among the charges in a lawsuit brought by the Fair Housing Justice Center against M&T Bank. Nikole Hannah-Jones reports.
Morgan Stanley fined $2.6 billion
The U.S. Justice department fined Morgan Stanley $2.6 billion for its’ role in selling mortgage bonds before and during the financial crisis. Justin Baer reports.
Kickstarter – It’s just not for unknowns anymore
Pebble’s recent success on Kickstarter is another example of the platform moving further away from its’ original purpose. Issie Lapowsky reports.
UK P2P profits much better than bank interest
Data from UK alternative finance analyst Altfi Data show the average P2P investor made 5.09% last year. David Prosser reports.