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State Regulators Sue To Block FinTech Charters
State Regulators Sue To Block FinTech Charters
October 30, 2018  |  Bank Regulation

In the latest salvo over awarding national bank charters to FinTechs spanning tech upstarts across online lending and various payments functions, the Conference of State...

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Alipay Ramps Up Supply Chain, Lending Services To SMBs
Alipay Ramps Up Supply Chain, Lending Services To SMBs
October 30, 2018  |  B2B Payments

Chinese payments conglomerate Alipay is ramping up its B2B services with a new suite of offerings for small businesses (SMBs). Reports in Financial IT on...

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The Big Sizzle: Winning Week For Wearables
The Big Sizzle: Winning Week For Wearables
October 26, 2018  |  Sizzle/Fizzle

It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B...

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Moody’s Sees Improving Charge-Off Climate
Moody’s Sees Improving Charge-Off Climate
October 25, 2018  |  Loans

Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S....

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FDIC To Help Banks Embrace Tech, Innovation
FDIC To Help Banks Embrace Tech, Innovation
October 25, 2018  |  Banking

The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams...

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CFPB, Payday Lender Cash Express Settle Lawsuit
CFPB, Payday Lender Cash Express Settle Lawsuit
October 25, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution to consumers, as...

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Banks’ Low Interest Rates Costing Them Deposits
Banks’ Low Interest Rates Costing Them Deposits
October 23, 2018  |  Banking

The country’s four largest banks reported a combined 5 percent drop in U.S. deposits that earned no interest in the third quarter, compared with a...

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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans
Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans
October 23, 2018  |  Bitcoin

The SBI Group plans to license Sepior ApS’ wallet technology to use in its own wallet, which will become a part of its digital currency...

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Amex Reports Card Member Spending Up 8 Pct In 3Q
Amex Reports Card Member Spending Up 8 Pct In 3Q
October 19, 2018  |  Earnings

American Express posted results Thursday (Oct. 18) that showed increases in card member spending and a boost in lending activity. Overall, billed business gained 8...

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