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Operation Choke Point 2.0

Jeff For Banks

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. But in January 2021, the new OCC announced it would pause the "Fair Access" rule that was intended to prevent another Operation Choke Point.

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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

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Lower risk and reap rewards through Sales Performance Management

Insights on Business

In 2012, as part of the Varicent Insight users conference, I had the pleasure of spending the day with Daniel Pink, our keynote that year who gave the example of a Fuller Brush salesman, and that commissions were a thing of the past, also captured in Harvard Business Review. Salespeople are not coin operated.

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Facebook’s Sandberg Pushes Back On Antitrust Allegations

PYMNTS

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014.

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Restaurant POS Co Toast Debuts Mobile App

PYMNTS

Panera Bread, in 2012, was one of the first companies to use the feature. If you look at our history, we started the company in 2012 as a consumer app,” Narang said. “We valued the restaurant management platform company at $1.4 Rowe Price New Horizons Fund Portfolio Manager Henry Ellenbogen said. Toast does this,” T.

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FreshBooks Buys Mexico-Based Digital Invoicing Firm Facturama

PYMNTS

In Mexico, 65 percent of small businesses do not survive past their second year, and it’s largely because of cash flow management issues,” FreshBooks CEO and Co-Founder Mike McDerment said in the announcement. Ramirez López will still be the company’s CEO, while also taking on the title of managing director of FreshBooks for Mexico.

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