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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Codel, head of consumer lending at Wells Fargo, said in an interview. “We North Korea’s For-Profit Hacking.

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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

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The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them

Abrigo

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. Learn More.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. It’s easy to lend money. despite operating a successful firm in Europe. According to the Federal Reserve , U.S.

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Bitcoin Blushing With Secret Admirers

PYMNTS

In 2012, according to Forbes , while vacationing in Ibiza, the fraternal entrepreneurs were introduced to bitcoin and fancied its chances as an alternative to fiat currencies. But the town is also demonstrating its versatility as the end of banking secrecy, and new tax reforms are threatening its economy.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. In March, 2012, the Bhutan GNH Index was on a UN meeting agenda, no doubt to promote the idea of promoting well being over weak economies.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Business lending and corporate cards. Sigma aims to streamline business operations. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty).

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