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New Bank TNB USA Sues The Fed

PYMNTS

A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York , accusing the regulator of preventing the bank from moving forward with its business plans. based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. percent.

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

Fintech Labs Insights

Tipping system for retail point of sale. HQ: Shelton, Connecticut. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Latest round: $3.03 Total raised: $7.05 HQ: Philadelphia, Pennsylvania. Source: Crunchbase. Latest round: $2.4 million Seed. Total raised: $2.82 HQ: New York City. million debt).

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Picking Up The Bill On Consumer Trust, Post-Data Breaches

PYMNTS

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. Introducing regulations may mean that incidents are more likely to get cleaned up rather than swept under the proverbial rug.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

Marcus’ focus will be offering small consumer loans — an area Goldman Sachs has has traditionally avoided but has been pushed toward in recent years as new regulations have forced many venerable Wall Street institutions to think out of the box about revenue streams going forward. and Canada.

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