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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 4,500 | Prize to be awarded to one ModCloth social media contest winner for his or her contributions to humanity. 60 percent | Portion of Singapore’s national spend done through payment cards.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

Be cautious of any charities requesting donations by cash, gift card, or wire transfer Be alert to “investment opportunities” - The U.S. If you see ads touting products or cures for COVID-19, they are most likely a scam Research before donating to a charity or crowdfunding site due to a public health emergency. It’s the right thing to do.

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Halloween Spending Forecast To Break Records

PYMNTS

According the National Retail Federation (NRF), Halloween this year will see record-breaking shopping numbers. percent in 2011. billion will be spent on decorations and $410 million on greeting cards. The NRF is forecasting the whole shebang will cost approximately $9.1 billion, up 8.3 percent last year and a peak of 32.1

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FinCEN warns against elder financial exploitation

CFPB Monitor

It highlights new EFE typologies and potential red flags and builds upon a related advisory issued in 2011. Scammers will contact older adults under a fictitious persona via phone call, robocall, text message, email, mail, in-person communication, online dating apps and websites, or social media platforms. Background.

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A response to comments made at Senate Judiciary Committee’s arbitration hearing

CFPB Monitor

The American Arbitration Association (AAA) and JAMS, the nation’s leading national arbitration administrators, have capped the arbitration fees paid by a consumer at $200 and $250, respectively. With regard to cost, arbitration is less expensive for consumers than going to federal court. The company pays the remainder of the fees.

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Why Peer-to-Peer models struggle against oligopoly

Lex Sokolin

The core premise at its founding was to recreate the dynamics of the sharing and social media revolutions. Together, the firms have put 1,500 startup projects through the fund-raising process and raised £2 billion since 2011. And this realization takes us to Lending Club. why not create a connective platform like Kazaa?

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