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Robinhood Backtracks On Plans To Offer ‘Checking, Savings’ Accounts

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

Robinhood, a venture-backed online brokerage firm in Menlo Park that offers free stock and cryptocurrency trading, backtracked on plans to offer “checking and savings accounts” yielding 3 percent after coming under fire Friday.

In a blog post late Friday, the company announced it was changing its plans and reconsidering the name, labeling the new product “cash management accounts” instead.
Regards,
Ted
https://www.sfchronicle.com/business/networth/article/Robinhood-under-fire-for-plans-to-offer-checking-13467776.php
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