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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. Recent developments in New Hampshire show how financial services can extend at the state level to cannabis firms. Separately, Apple is being eyed by regulators in Russia for allegedly unfair competitive practices.

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TRENDING: Are Credit Unions The Hipster FI?

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The nation’s first credit union (CU) was founded in 1908 to serve mill workers in the Manchester, New Hampshire area. Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials. News from the credit union market.

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The Digital Evolution Of The Online Gaming Ecosystem

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Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31 The firm entered the public markets with a valuation of $3.3

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Bitcoin Daily: Coincheck’s Investors Take Their Money, Iceland’s Big Mining Electricity Bill

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Until the market matures, cryptocurrency price manipulation is “unavoidable,” according to NEM President Lon Wong. “Price manipulation is not something new,” Wong told CNBC. “You see it in mainstream markets as well. ECB President Mario Draghi said it’s not the ECB’s job to regulate digital coins.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

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Santander Gets Hit With Fine Due To Overdraft Practices

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According to the CFPB, the telemarketing vendor Santander contracted with deceptively marketed the overdraft service to consumers and signed them up without getting their consent. We will put a stop to any such unlawful practices that harm consumers.”.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

Mary’s Bank of Manchester, New Hampshire, holds the distinction of being the nation’s first and oldest credit union. Mary’s was initially chartered in 1909 by the New Hampshire legislature. Founded in 1908, St. Membership could be obtained by spending five dollars on a share of capital stock. For its part, St.