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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. The company has a partnership with Amazon in which it lends to customers with low credit scores. On Monday (Nov. Synchrony said it was a mistake. “We

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Barclays Eyes US Expansion

PYMNTS

credit card operations. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. credit card business. billion of deposits to its Delaware operation. Many European banks have to tried to expand into the U.S.,

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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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SoFi’s $500M Pickup (And The Big Expansion It’s Fueling)

PYMNTS

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license. The company, however, is still pretty small. Don’t Bank.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Every other person had a physics PhD and worked in risk management for large capital markets trading desks. Finance in motion— $1B moved for $0.02 We are here.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

While the blockchain-related announcements range from the credible to the laughable to the possibly criminal, the analysis overall demonstrates the market’s bullish attitude toward blockchain and crypto. Companies are arranged in descending order of market cap (as of 03/16/18). . Exchange: OTC Markets. Longfin corp.