article thumbnail

U.S. Regulators to Bank Boards: “Debt is Good”

Perficient

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

article thumbnail

DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

“While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. Commission rates of 30 percent may fall by the wayside where cities and states have been limiting what DoorDash can charge on eateries.

DC 226
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Industry 152
article thumbnail

DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

“While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. Commission rates of 30 percent may fall by the wayside where states and cities have been restricting what DoorDash can charge on eateries.

article thumbnail

Dear Mr./Ms. Bank Regulator

Jeff For Banks

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. So, no, we are not re-doing our capital plan.

article thumbnail

Data Enablers: Valen Makes Insurance Human Again

PYMNTS

DC: There is significant crossover between FinTech and InsurTech. Both are in heavily regulated industries that have historically been very slow to adopt new technologies. DC: We set out to create a culture that stood behind its promises and put the customer first. We’re allowing insurers to take the same approach.

DC 101
article thumbnail

New Center to Probe How Blockchain Can Help Government

Payments Source

The Chamber of Digital Commerce has opened a new outpost in the nation's capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center.