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Big Fraud, Big FinTech and Big Uber Top Week’s News

PYMNTS

Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs. Since California first declared marijuana “legal” for medical consumption in 1996, transactions involving legally permitted cannabis have been complicated things. For all the progress that’s been made on digital payments , the world still has 1.7

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State AGS file summary judgment motion in lawsuit challenging FDIC “Madden-fix” rule

CFPB Monitor

The Attorney Generals of the six states and District of Columbia who filed a lawsuit against the FDIC to set aside its “ Madden -fix” rule have filed a motion for summary judgment in the case. The lawsuit is pending before the same California federal district court judge (Judge Jeffrey S.

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242 Startup Failure Post-Mortems

CB Insights

A notice sent to creditors said Jawbone entered into insolvency proceedings under California law on June 19. Title: Fintech ‘Plastc’ Shuts Down After Cancelling All 80,000 Pre Orders. The [California Labor Commission’s] Uber decision … was only a single claim, but it was blown out of proportion,” she told Re/code.

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