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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Even more surprising is that the editorial boards and writers at The Washington Post and The Boston Globe agree with them, given their historical pro-CFPB stance.

Lending 109
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Why One Startup Is Desperately Seeking Regulation

PYMNTS

Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies.

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The Mother List of All Banking Books

Jeff For Banks

Guardians of Prosperity: Why America Needs Big Banks 2013 John F. 2013 Joshua R. A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. Blinder Blinder, Alan S. Bonadio Bonadio, Felice A. Bove Bove, Richard X.

America 78
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Director Cordray appears before House Financial Services

CFPB Monitor

Payday loans and deposit advance products first appeared on the CFPB’s unified agenda in the Spring of 2013 , and Bureau staff have since published two whitepapers on the matter—one in April 2013 and another in March 2014. CFPB Rulemaking Hot Issues Overdrafts Payday Lending Prepaid Cards Richard Cordray TILA / RESPA house hearing'

Tools 60
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

via Beta Boston. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. In a Boston Globe interview in January, he had indicated that the company’s financial performance was a pressing concern. ” via Boston Globe. via Boston Magazine. Total disclosed funding: $150.4M. Company: Rdio.

Capital 78
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242 Startup Failure Post-Mortems

CB Insights

Most surprising was the sudden shutdown of Sprig, a startup in the beleaguered food-delivery space that first received funding in 2013. BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources.

Company 78