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Fed, OCC to hold meeting on Capital One-Discover deal

Payments Dive

Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.

Meeting 397
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Walmart sues Capital One to end credit-card deal

Payments Dive

Capital One failed to meet standards outlined in the contract, such as issuing replacement cards and promptly processing payments and posting transactions, Walmart alleged.

Capital 222
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University of Toronto launches fintech bootcamp to meet local labor demand

Bank Innovation

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

Meeting 364
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Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Abrigo

Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Current environment = Challenging stressed capital planning. This has resulted in theoretical assumptions for capital planning.

Capital 248
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India Turns To Foreign Lenders To Meet SMB Capital Need

PYMNTS

billion in credit to the nation’s small businesses, a possible sign that India’s current financial services sector is unable to meet the demand for small and medium-sized business (SMB) financing. The 63 million micro, small and medium enterprises (MSMEs) in the country today make up an estimated 45 percent of total exports.

Meeting 115
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India SME Lender Capital Float Tops Up Funding

PYMNTS

After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. Capital Float has provided more than 500,000 clients with $1.2 million from current investors.

Capital 230
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Capital One seeks community plan on Discover deal, even as some activists balk

American Banker

The credit card giant says that it is "proactively meeting" with advocacy organizations to gather feedback that would help with the creation of a community benefits plan. The National Community Reinvestment Coalition, which has negotiated 21 such deals since 2016, opposes Capital One's proposed acquisition of Discover.