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

CFPB Monitor

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

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Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.

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The Fastest Path To Faster Payments In The US

PYMNTS

Yes, the former is getting easier thanks to mobile remote deposit — even for the financially disadvantaged — thanks to innovators who are leveraging that technology and the near ubiquity of mobile phones. The rest was related to bill payment, payday lending and remittances). Of that $106 billion, $58.3 billion in money orders and $5.4

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Efficiency now: 8 smart strategy tips

Independent Banker

Often, these bankers rose to the occasion by employing tech solutions or other innovative approaches. Crowe’s Grottke points that the “graying of community bankers” exacerbates the talent shortage—and can make it difficult to increase profitability by taking advantage of growth areas like commercial lending.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Source: NW Innovation. HQ: Damascus, Maryland. HQ: London, England, UK. million Debt, $12.5