$100 million went missing from an online bank.
“Neobanks” promise higher rates and lower fees, but they exist in a regulatory black box created by Andreessen, Thiel, Musk and more.
We investigated an online bank where thousands of Americans’ FDIC-insured savings vanished.
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More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. Here’s what that means: We report on the real struggles and challenges of the working class from a working-class perspective. We attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power. And we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.