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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. In 2019, it expanded by buying its fourth branch from a competitor.

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Seven US States Seek To Simplify FinTech Licensing

PYMNTS

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities.

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Is Tribal Lending Done?

PYMNTS

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 Regulators spent most of 2017 cracking down on the practice. billion he reportedly made while running that business. Tribal Lending .

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Lemonade Insurance Review: Best for Simple Insurance Coverage

MyBankTracker

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. Lemonade advertises itself as a lower-cost insurance provider due to their lean approach to operations. Estimates for a healthy individual seem on par with national average rates. What is Lemonade? and select locations in Europe.

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Zillow’s Slow Roll To A Real Estate Ecosystem

PYMNTS

rental market is massive, and we’ve seen a number of billion-dollar companies operate in real estate listings. As of the acquisition announcement , Zillow confirmed that Mortgage Lenders of America will continue to operate its current mortgage business, as well as offer mortgages to customers of Zillow’s mortgage marketplace.

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Why The Fed Will Create Its Own Real-Time Payments System

Tech and Finance

It also has a regulator that takes a far more active role in promoting consumer interests vs. banks than the Fed does. If the Federal Reserve banks don’t develop and take an operational role in faster payments then their competency will further deteriorate. The UK implemented a faster payments system 10 years ago.

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