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Why One Startup Is Desperately Seeking Regulation

PYMNTS

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups.

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What Do Acting CFPB Director Uejio’s Comments on Consumer Complaint Responses and Potential Racial Disparities Mean for Regulated Financial Institutions?

CFPB Monitor

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. What does all of this mean for regulated financial institutions and financial services companies? Based on that statistic, U.S.

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FinCEN Steps up Efforts to Protect Against the Six Biggest Threats to the U.S. Financial System

Abrigo

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk. billion since 2013. The 12 major U.S.

System 264
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Retail’s Small Business Crisis

PYMNTS

By 2013, those numbers had deteriorated — and by a lot. The “crisis” in traditional retail is one we’ve documented very well over the years — flagging the issue of retail’s death spiral some three years ago when reports about the decline in foot traffic over the holiday season in 2013 surfaced.

Retail 134
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Indeed, co-founder Alejandro Resnik, the CEO, told the WSJ in 2015 that it was looking to raise a “monster round” of $300 million at a $2 billion valuation to fuel its national expansion. The company also found itself confronted by conflicting energy program mandates and regulations. via Beta Boston. ” via Boston Globe.

Capital 78
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242 Startup Failure Post-Mortems

CB Insights

We are confident that to truly have the long-term impact we want to make, we need to focus on finding an acquirer with an existing national fresh food supply chain who can carry forward the Juicero mission. Most surprising was the sudden shutdown of Sprig, a startup in the beleaguered food-delivery space that first received funding in 2013.

Company 78
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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Lending 109