Fintech 'Prenups': Planning For A Card Program Breakup

By Andrew Grant and Richard Malish ( March 13, 2024, 3:08 PM EDT) -- Economic downturns often force couples in shaky marriages to delay divorce, but the opposite has happened in fintech — the combined effects of inflation-related layoffs, the spectacular failures of Silicon Valley Bank, Signature Bank and First Republic Bank last year, the collapse of the crypto bubble, and a spate of regulatory enforcement actions have split previously harmonious bank-fintech partnerships, many even before the honeymoon was over....

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