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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 Multiple states have put caps on the fees that apps and platforms can charge on eateries.

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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 “. Responsible Innovation “.

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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus. While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time.

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

CFPB Monitor

In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78
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Explore Regulatory Compliance Best Practices at FICO World

FICO

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

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

CB Insights

In this report, we take a closer look at the trend, including: The rise of automation. Innovation in microprocessors — particularly Nvidia’s graphic processing units (GPUs) — have played a large role. Risk of automation is highest in predictable work environments in industries with lower regulations. How did we get here?

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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. Much of the latest buzz has come from the recently released Treasury report which focuses largely on the Trump administration’s outlook for financial innovation. The 222 page report contains more than 80 recommendations.