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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Social media financial compliance specialist Gremln raised $1.4 Payments and commerce solutions for unbanked in emerging markets. HQ: Shelton, Connecticut. Social media management & compliance for financial institutions . More than half the total ($46 million) went to Chinese P2P lender Weijinsuo. .

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Why Facebook’s Business Model Isn’t Its Biggest Problem

PYMNTS

Needless to say, whether Cambridge Analytica actually did this, whether it was marketing puffery and/or whether it was as effective as they are claiming it was, a lot of controversy is swirling around this. Cambridge Analytica. Unfortunately, as this week bore out, no one was reassured. The Apology Tour.

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