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Today In Payments: LendingClub Gets OK To Acquire Radius Bancorp; GDPR Penalties Escalate As EU Officials Crack Down

PYMNTS

In today’s top news, LendingClub gets approval to acquire Radius Bancorp, and GDPR fines have escalated as European regulators step up enforcement. Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts.

DC 142
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Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

can continue to secure its stance as the global leader of ingenuity.”. That’s because, a few days later, the Chamber of Digital Commerce announced a team-up with DC seed fund 1776 to launch the DC Blockchain Center, the first of its kind in the city. This comes after Rep. s growing “sandbox” regulatory program.

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ID Experts Light Up Portland

PYMNTS

Radar also helps clients with cybersecurity and data breaches, but is more focused on complying with government regulations and determining whether online security breaches should be reported to the government authorities. Radar launched just this week with 30 employees and is backed by some of ID Experts’ original investors.

Portland 100
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GonzoBanker Awards 2017

Gonzobanker

FinTech threats and distractions. Heavy-handed regulators. While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. Oh, by the way, that Fintech darling of two years ago Lending Club?

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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. securities credit.

Lending 195
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Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation.

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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

Our time frame was the next 5-10 years, and the relative risk of automation was based on factors including tasks involved, current commercial deployment of technology, patent activity, investment activity, technological challenges, and regulations. Regulation is a point of friction slowing down automation. workers). AI Startups.