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Colorado Attorney General Bans Financial Services Companies from State for Alleged Conflict of Interest

CFPB Monitor

The Colorado Attorney General reached a $175,263 settlement with a lender and a debt management company that are owned and operated by the same individuals. The Colorado Attorney General alleged the companies violated Colorado law when the lender issued loans to customers of the related debt management company.

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9 ways to manage credit risk

Independent Banker

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Ruffin notes that early detection of credit risk reduces levels of nonperformance and gives banks greater flexibility in managing problem loans out of the bank. By Judith Sears.

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Inside The Launch Of Colorado’s New State-Run Digital Driver’s License

PYMNTS

In the December Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including a new digital driver’s license in the state of Colorado, a prototype facial recognition system for air travel in Finland and emerging methods that could threaten the validity of biometric authentication.

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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

-based digital payments firm, has increased its valuation to $15 billion following the closing of a Tiger Global Management-led $450 million Series C funding round. It also has a California office, which opened in 2017, and has plans for a Colorado office. Pakistan Launches Payment System To Boost Financial Inclusion.

Detroit 135
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NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments

PYMNTS

The seamless benefits of smart bank transfer can reduce cash management for cannabis firms, for example, contended Muller. He noted that AeroPay has partnered with Safe Harbor Private Banking , a division of its partner Colorado Credit Union , to provide a digital bank-to-bank payment option for larger cannabis firms.

Payments 271
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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

Advanced AI means reducing chargebacks, saving inventory, maintaining brand loyalty and spending more time managing the lunch rush than worrying about fraud.”. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain.

Mobile 289