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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

Prepaid card accounts are among the faster-growing, consumer-facing financial products; according to expert estimates, the industry has grown from a net value of around $1 billion in 2003 to nearly $65 billion as of 2012. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

When mobile phone company Danger Inc was created in the heady days of 2000 with execs from Apple, Phillips, and WebTV, it looked like a leadership dream team. Date: March 20, 2003. The mega-company reported a $45B write-down in 2003 and then a $100B yearly loss. Date: April 15, 2008. Price: $500M. Don’t fail.

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Executive order on digital assets includes roles for CFPB, FTC, federal banking agencies

CFPB Monitor

leadership in the global financial system and in technological and economic competitiveness; promotion of equitable access to safe and affordable financial services; and promotion of responsible development and use of digital assets. It is chaired by the Secretary of the Treasury and the CFPB Director serves as Vice-Chair.). .

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering. To some, Silicon Valley startup culture was as much to blame for Theranos’ failure as the company’s leadership. The rise and fall of Theranos. Takeaways & lessons. Takeaways & lessons.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Buffett successfully lobbied the leadership of Coca-Cola — the largest position in Buffett’s portfolio, with his ownership share coming in at 6.2% — to cut back on “excessive” executive compensation plans. And it’s not one that can be fixed with regulation. 2003 : [link]. Image source: pValueWalk. 1977 : [link].

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CFPB Head Faces Privacy Questions From Senate

PYMNTS

Senate hearing, further proof that issues related to online security and privacy are increasingly a topic that has the attention of lawmakers and regulators, and not just in the U.S. Maxine Waters argued the Trump-appointed leadership is trying to undermine the agency’s mission. The hearing, before the U.S. Privacy Questions.

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