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Text Messages From Debt Collectors? Not in My Backyard!

CFPB Monitor

New developments are often opposed by small groups prioritizing their own self-interest over the interests of the community at large. It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages.

DC 78
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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

This is a new community, a new world, this is going to be very big. But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. Seiz claims to have raised about $100 million through the sale of his KaratGold Coin (KBC).

DC 100
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GonzoBanker Awards 2017

Gonzobanker

Heavy-handed regulators. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. FinTech threats and distractions.