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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers. billion visits for the year.”.

Exercises 206
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Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers.

National 165
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How to Set Your Strategic Planning Time Horizon

South State Correspondent

A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Research & development, product design, human capital and brand building is usually a next year item when it should be a next decade exercise.

How To 195
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Virgin Money Buyout By CYBG Receives All-Clear

PYMNTS

“Today marks an historic milestone for CYBG and Virgin Money , creating the first true national competitor to the status quo in U.K. CYBG, which owns the Yorkshire and Clydesdale brand, moved to quell some consumer concerns about the transition, noting that there will not be an immediate switch for consumers.

Exercises 166
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Will The Fitness Industry’s Digital Shift Stick Once The Pandemic Is Over?

PYMNTS

Americans have a complicated relationship with physical fitness, particularly when it comes to getting enough exercise. One might assume the firm was perfectly positioned for the rapid shift to home-based exercise.

Exercises 141
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SMBs Ramp Up Legal Fight Against New Virgin Money Owner CYBG

PYMNTS

Separate reports in The National noted that RGL first announced last year that it was looking to raise funds from Augusta Ventures to initiate legal action against both Clydesdale and NAB in relation to tailored business loans. ” In response, CYBG told The National that any clients with concerns should contact the bank directly.

Exercises 116
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Scale Matters … But Smart Matters More

Gonzobanker

Meanwhile, national players like Bank of America have achieved 50% penetration of digital sales in their consumer bank, and digital-only fintechs/challenger banks are gaining 47% of new consumer accounts according to Cornerstone Research. So, let’s do a quick thought experiment, Gonzobankers.

Tools 166