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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. 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. the San Francisco-based online bank, had the last laugh.

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Connecticut Banking Dept. issues cease and desist order to stop fintech loan finder from operating without small loan license

CFPB Monitor

The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. Some Connecticut borrowers were assessed a late fee equal to 15% of the principal loan amount, which was generally split equally between the lender and SoLo.

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Dickā€™s Sporting Goods Partners With Instacart For Same-Day Holiday DeliveryĀ 

PYMNTS

The program is available in Connecticut, Delaware, Georgia, Maryland, New Jersey, New York, Ohio, Pennsylvania, Virginia and Washington, D.C. . Instacart has partnered with more than 500 national and local retailers in several sectors, including grocery items, beauty products, wellness merchandise and electronics.

Delaware 144
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CT Gov: First Wave Of $600 Jobless Payments Were Sent

PYMNTS

Connecticut Gov. Our Department of Labor worked day and night to come up with the technological fixes to ensure benefits were distributed in a timely way to our residents,ā€ Lamont said in a statement. Ned Lamont said his stateā€™s first batch of $600 weekly federal stimulus unemployment payments were issued last weekend, NBC reported.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering ā€” just as larger national and multinational financial institutions (FIs) do.

Regional 214
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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 The Role of Technology . Technology may play a role, too, in feeding home-buying activity. percent in September over August, which equates to a seasonally adjusted, annualized rate of 6.5 million units.

Survey 227
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To Win in Digital Banking, Get Techies Talking to Service Reps

American Banker

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …