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Colorado Settlement Opens Door For Fintech Lenders

Banking Exchange

Colorado may soon witness an influx of new fintech lenders following the conclusion of a long-running legal case Compliance Technology Fair Lending Feature3 Fintech Feature Mobile Online Tech Management Compliance Management Compliance/Regulatory.

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Colorado Settlement Provides a Possible Path Forward for Certain Bank-Fintech Online Lending Partnerships

CFPB Monitor

We have previously blogged about the lawsuits filed by the Colorado Attorney General against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank. Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor).

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Those cities include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa.

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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments

PYMNTS

For one firm, AeroPay — focused on bringing payment services to underserved markets — the cannabis market is but one that can benefit from the great digital shift for payments done in person or online. The seamless benefits of smart bank transfer can reduce cash management for cannabis firms, for example, contended Muller.

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

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Ping Identity Plans To Raise $100M With Public Listing

PYMNTS

The Colorado-based online ID management company Ping Identity is going public and is trying to raise up to $100 million in an IPO on the Nasdaq exchange under the ticker “Ping,” reports said on Friday (Aug. Founded in 2001, Ping is said to be looking at a valuation of $2-$3 billion. It surveyed more than 3,000 people in the U.S.,

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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

POSaBIT, based in Seattle, already manages millions of transactions for over 120 dispensaries across Washington, California, Nevada, Colorado, Arizona and Oklahoma. The three-year pilot program is intended to ease the payments situation for the local cannabis industry and create an online system for digital currency.

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