'Dave' Banking App is Taking on Big Banks

Pnline banking start up Varo Money announced that it has raised $241 million in Series D funding round, bringing its funding total to $419.4 million. Colin Walsh, Founder and CEO of Varo Money, joined Cheddar to discuss.

FICO has introduced a new type of credit score as the coronavirus pandemic rages across the U.S. The FICO Resilience Index aims to determine someone's ability to pay bills on time, even during times of economic uncertainty. The system ranks consumers on a scale of 1 to 99, with lower being better or more resilient. Ted Rossman, Industry Analyst at CreditCards.com, breaks down what role will the Resilience Index play when it comes to being approved or denied a loan or credit increase.

Credit Sesame, an app that helps users access their credit score and manage their credit, is launching a bank account that rewards users for improving their credit .