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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

The letter that was sent to the delivery company on Tuesday (Dec. 8) said a commission would contravene the district’s code that puts a 15 percent maximum on commissions for third-party food delivery companies. Multiple states have put caps on the fees that apps and platforms can charge on eateries.

DC 226
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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

The food delivery company trades under the ticker symbol of “DASH.”. The company’s IPO commences a busy time for companies to hit the markets, with Airbnb scheduled to go public on Thursday (Dec. DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec.

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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum. The report said Alibaba has used such practices, among other companies.

Industry 152
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Data Enablers: Valen Makes Insurance Human Again

PYMNTS

Small businesses can benefit big if they’re insured by a company that partners with Valen. CEO Dax Craig said his proudest moment since founding Valen has been hearing from clients after his company was acquired by the insurance technology firm, Insurity. “As DC: There is significant crossover between FinTech and InsurTech.

DC 101
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For the Fed, it's Time to Flip the Script

SWBC's LenderHub

As our leaders in Washington DC bicker over a fiscal response to COVID-19, mostly coming up with ideas that look to win votes (payroll tax holidays, guaranteed sick leave for everyone, tax credits for affected companies) as opposed to actually saving the economy from a credit induced depression, it looks like it is on the Fed again to do the job.

DC 78
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ID Experts Light Up Portland

PYMNTS

Early in the year, the company raised $5 million from backers that included BlueCross BlueShield Venture Partners and Oregon-based Rogue Venture Partners. The company hired a new CFO in March. The new owners of ID Experts are Peloton Equity and Trident Capital. In 2014, ID Experts reported $22.8 And it doesn’t stop there.

Portland 100
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The truth is, there wasn’t one tipping point where department stores went wrong; it happened incrementally over time,” he told Fast Company. “It The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC.