Simple bank shutdown goes awry, leaving customers without account access
Maybe I care too much about market power and consolidation, but this part struck me:> [Simple] was purchased by BBVA in 2014.
> BBVA said in January that it would be shutting down Simple later in 2021. The decision came from the company “reassessing its goals” as part of a planned sale to PNC Bank, which reached an agreement to acquire BBVA’s US operations in November 2020.The consolidation problem seems to be getting worse everywhere. [1]. Gotta imagine they're connected.[2] https://concentrationcrisis.openmarketsinstitute.org/