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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A. million.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8 In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

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Amid Changing Lifestyles, Homebuying To Continue Torrid Pace?

PYMNTS

To that end, and in terms of the data announced by the National Association of Realtors, existing home sales grew by 9.4 million homes on the market. In terms of turnaround, properties were on the market for only 21 days. This implies that first-time buyers are being priced out of the market. million units.

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36 State Attorneys General settle with CarMax over non-disclosure of open safety recalls

CFPB Monitor

Any vehicles sold online, including through www.carmax.com or the CarMax mobile app, must also clearly and conspicuously disclose on the first page of the overall description of the vehicle or vehicle history report that the vehicle may be subject to an open recall for safety issues that have not been repaired.

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Accounting About-Face

Independent Banker

Instead of requiring complex modeling systems for institutions of all sizes, it now explicitly allows community banks to continue using their personal understanding of local markets to determine loan-loss reserves. Connecticut headquarters. The positive effect of these improvements on the CECL standard cannot be overstated. Learn More.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Not only do gift cards stand as the most popular holiday present, according to the National Retail Federation and other sources, but a Blackhawk Network survey found that “44 percent of consumers surveyed are interested in receiving a gift card to play the lottery, while 43 percent would be interested in giving a lottery gift card.”.

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Toys That Have Stood The Test Of Time

PYMNTS

They may have gotten a modern update or two – some have undergone several – but their central appeal is the same, and their markets remain avid. The original STEM toy, and part of the first class of toys inducted into the National Toy Hall of Fame (yes, that exists), has actually been around for over 100 years. Some favorites ….

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