Robinhood is launching a new banking feature less than a year after blowing the launch of a similar product so bad Congress got involved

https://www.businessinsider.com/robinhood-cash-management-launch-congress-2019-10?amp%3Butm_medium=referral&utm_campaign=Feed%3A%2Bbusinessinsider%2B%28Business%2BInsider%29&utm_medium=feed&utm_source=feedburner

Dan DeFrancesco – With Cash Management, uninvested cash will be moved to program banks, which will offer insurance from the Federal Deposit Insurance Corp.

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