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The Finanser’s Week: 29th May – 4th June 2017

Chris Skinner

My forecast for another major global financial crisis was that it wouldn’t occur until the 2040s but, as James Dimon noted, a financial crisis … Tencent WeChat and WeChat Pay I’ve written a lot about Ant and Alibaba, but not so much Tencent, even though QQ social networking in China was a hot, hot topic a few years ago.

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Bridging The Great Payments Digital/Physical Divide

PYMNTS

In last Friday’s Topic TBD episode, PYMNTS’ Karen Webster and MoneyGram CEO Alex Holmes chatted about that great digital/physical divide — namely, the continued use of cash, which many contend is not exactly the most efficient method of transactions, even though it is, for now, a necessary one.

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Three Wishes for Bankers

Jeff For Banks

But this is a bankers' blog, and I want to remain topical. If I had a genie in a bottle that granted me three wishes, I would shoot for grander goals such as world peace, end poverty, and ban Mariah Carey Christmas songs. Most readers are accustomed to me being analytical. Searching for trends and truths in a sea of numbers.

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In Cash (And BillMo?) We Trust: Serving Mexico’s Wary Unbanked

PYMNTS

Posts focused on financial service topics relevant to the country’s unbanked, underbanked and millennial consumers, on how to budget and how to start putting funds away into savings. LaBella said it all began with a strong online presence, built around a blog and community forum.

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Building Financially Empowered Youth; Our Future Depends on Them

Filene

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. Low-income teenagers in particular are living in financial service deserts. Educating Youth and Elevating Financial Wellbeing.

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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

Volume I (798 pages) contains a historical and economic overview of consumer finance, covers the key principles guiding federal consumer financial law and policy, and discusses particular topics that the Taskforce considers important to the Bureau’s work. Deposit accounts.

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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data

FICO

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. Read the full post 2. BNPL in Credit Reports: How Could This Data Impact FICO Scores?

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