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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. In July 2017, the D.C.

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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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P2P Euro Lender Robocash Seeks Funding In Southeast Asia

PYMNTS

The company has integrated its proprietary P2P lending platform, Robo.cash, with the company’s Singapore arm, Robocash Pte, which launched in 2015 to help support the Robocash Group’s Southeast Asia operations. With the completed integration, Robo.cash users can invest in the region and its development. billion two years later.

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Singapore’s Ninja Van Delivery Startup Raises $279M

PYMNTS

It also works with smaller operations, including social media influencers. Ninja Van, formed in 2014, derived its name from the idea of “working quietly to get things done,” according to founder Lai Chang Wen. Parcel delivery startup Ninja Van , working in overdrive during the pandemic, ended a funding round with $279 million.

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Vancouver Finally Approves Uber And Lyft

PYMNTS

In a move that’s been in the works since 2012, the city of Vancouver has approved Uber and Lyft to operate in the city, according to reports. . 23), the city finally acquiesced and both Uber and Lyft are now allowed to operate in the city. . “We The applications for Uber to operate were opened in September of last year. .

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The Rise Of Faster Disbursements

PYMNTS

Data: 2014: The year dessert delivery on-demand business SugarMoo was founded. 10 : The number of countries in the region in which Grab operates. All this, Today In Data. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018.

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