Stripe Investment Makes Cofounder The World's Youngest Self-Made Billionaire
By Ryan Mac and Kate Vinton The cofounders of Stripe joined the ranks of the world’s youngest billionaires after the online payments company announced a new round of funding last week that valued the company at $9.2 billion. Brothers Patrick Collison and John Collison are now worth at least $1.1 billion each after San Francisco-based Stripe raised $150 million from CapitalG, an investment division of Google parent company Alphabet, and General Catalyst Partners. With the late
Subprime Credit Reporting Company and Owner to Pay $8 Million Penalty for Illegal Practices
Company Mishandled Consumer Reports, Failed to Investigate Consumer Disputes WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against a nationwide credit reporting company, Clarity Services, Inc., and its owner, Tim Ranney, for illegally obtaining consumer credit reports. The company also violated the law by failing to appropriately investigate consumer disputes. The Bureau is ordering the company and its owner to halt their illegal practi
