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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

“In this day and age, it is very important for community financial institutions to be able to compete with their main new competitors — challenger banks and national banks — and have access to the same technology that can be deployed in weeks, not years,” said Agora Services Founder and CEO Arcady Lapiro in a statement.

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Fleet Feet: Running Shoe Retailer Sprints With Technology

PYMNTS

The Carrboro, North Carolina-based chain has used its technology-first strategy to get, keep and grow its customer base – even while its stores were shut down early in the pandemic. While stores were closed, Fleet Feet saw tremendous growth in its online business. All of this is good news for Fleet Feet.

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36 State Attorneys General settle with CarMax over non-disclosure of open safety recalls

CFPB Monitor

Any vehicles sold online, including through www.carmax.com or the CarMax mobile app, must also clearly and conspicuously disclose on the first page of the overall description of the vehicle or vehicle history report that the vehicle may be subject to an open recall for safety issues that have not been repaired.

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Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion

PYMNTS

Dutch global grocery conglomerate Ahold Delhaize — the firm behind grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect in an attempt to up the level of its digital grocery offerings amid the online shopping surge created by COVID-19. “We Farmstead Picks Up $7.9M

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B2B Startups Welcome Another Unicorn With TripActions Funding

PYMNTS

With artificial intelligence (AI), Fraugster has developed a software solution that prevents fraud for online retailers, analyzing data from multiple sources and cross-checking information to determine whether a transaction is fraudulent or not. Asia and broader European markets. Based in Germany, Fraugster raised more than $13.9

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Red Robin Looks To Balance Respecting Its Roots With Embracing The Digital Future

PYMNTS

In April of 2017, Red Robin launched its order-ahead feature , which allowed consumers to order online and select a pick-up time at a local location. A customer who is ordering online probably isn’t in the market for a sit-down meal – and not offering them an easy way to order and go is an easy way to send them to another merchant.

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OppFi files complaint to block “true lender” challenge by California Department of Financial Protection and Innovation

CFPB Monitor

The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan.