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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. As a new national bank, Varo joins the world’s most respected system of financial institutions and has the opportunity to become a household name as many other national banks have become.”.

National 172
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The Acela Primary Underway In States Where Businesses Are Struggling

PYMNTS

Through the PYMNTS/CAN Capital Store Front Business Index , we’ve been tracking the data on business health and growth in each state and then stacking those results against the regional and national picture. Well… Connecticut. Wherever the campaigns have gone, we’ve followed. Why so serious? percent growth.

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A bridge to affordable housing

Independent Banker

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. By Aileen McDonough. Assets: $9 billion.

Austin 91
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Regulators Want Answers From Uber Over Hidden Hack

PYMNTS

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. s capital. Meanwhile, in the U.K., The ICO plans to work with the U.K.’s were impacted by it.

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Zooming In On SMEs’ Financial Weak Spots

PYMNTS

Whatever the outcome, with strong fundamentals and capital availability, small businesses are in a good position to respond.” The report concluded this was a positive sign that SMEs have access to plenty of working capital should they need it. SMEs are in for a fight to prove their resiliency through Q4. percent. . —

Policies 100
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Accounting About-Face

Independent Banker

She explained why lawmakers should exempt community banks from Basel III capital rule. As originally proposed, FASB’s impairment proposal would have had disastrous consequences on the ability of community banks to serve local communities across the nation. Connecticut headquarters. Senate Banking Committee. By James Kendrick.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. But with commercial rents continuing to rise in most urban areas, it’s been a challenge both for small businesses and national retailers to find affordable space. Today, just 2,877 remain.