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OCC fintech charter expected to receive attention at April 15 House hearing on banking innovation

CFPB Monitor

A topic expected to receive attention at the hearing is the OCC’s decision to accept applications for special purpose national bank charters from non-depository fintechs. Erik Gerding, Professor of Law, University of Colorado Law School. Kristin Johnson, Asa Griggs Candler Professor of Law, Emory University School of Law.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

It also has a California office, which opened in 2017, and has plans for a Colorado office. The system was created over years through an effort involving the Bill & Melinda Gates Foundation and the State Bank of Pakistan, with help from the United Nations, the U.K. Pakistan Launches Payment System To Boost Financial Inclusion.

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The power of a CDFI

Independent Banker

If a program works in the area and we think we can duplicate it within our footprint or in other rural areas around the state of Colorado, then we’ll do that.”. The majority of the FSWCF’s loan programs are dedicated to small businesses in rural Colorado, New Mexico and the Navajo Nation. In 2020 alone, it invested $6.9

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Got $9M? Then You Can Get A Bank

PYMNTS

The recent news that Colorado National Bank had been bought for that sum begs a few questions. Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis. And it is a relatively small bank, with just two branches in Colorado.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Some recent episode titles: “Secret Sauce for Deeper Relationships & What’s So Nifty About NFTs” and “Fintech Investment and Growth Opportunities.” keep me informed.

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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

In 2017, the Colorado Attorney General filed lawsuits against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank that included a “true lender” challenge to the interest rates charged under the defendants’ loan programs, even though the annual percentage rates were limited to 36%.

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Western Union CEO On Solving For The Future Of Global, Inclusive Financial Services

PYMNTS

With the digitization of the ecosystem and rapid emergence of FinTechs over the last decade, any company in business longer than six months old seems old, and anything that’s been around for more than five years seems ancient. The passage of time is a bit unusual in financial services. The Power of Scale.

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