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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “.

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VW To Test Robotic Chargers For Self-Driving Electric Cars

PYMNTS

A robotic arm attached to a 150kW DC fast charger would perform the task of plugging into the car’s charge port. It has 450 charging stations currently in operation, according to the company’s website. VW is partnering with Bay Area startup Stable Auto, a fleet charging firm, to roll out the test program.

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Macy’s Bolsters Omnichannel Tech, Taps Into Subscriptions

PYMNTS

This DC operates on the Google cloud platform,” he noted, giving the company improved efficiency, speed and scale to support its off-priced business. In other innovations, the company launched its second iteration of STORY at Macy’s with Outdoor STORY. STORY and Subscriptions.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC.

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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

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The day that digital currency started

Tomorrow's Transactions

Well, look East, where the first reports have appeared concerning the Digital Currency/Electronic Payment (DC/EP) system being tested in four cities: Shenzen, Chengdu, Suzhou and Xiong’an. DC/EP is the Chinese Central Bank Digital Currency (CBDC). Why do I think more people should be celebrating the Mondex Silver Jubilee?

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