Betterment faces questions from regulator after launching checking and savings accounts

Betterment faces questions from regulator after launching checking and savings accounts

US News Rank

Source: Betterment

Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched.
The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators almost immediately after it went…

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