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DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

In one market — Chicago — that has seen caps put in place, DoorDash has added a $1.50 “Chicago fee,” as reported by the Chicago Sun Times. The City Paper notes that restaurants pay extra to participate in DashPass “because it gives them greater visibility to these committed customers.”. Adding Some Fees .

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. But PBoC said the site is false, and also warned about the rise of scams and ponzi schemes related to the digital currency.

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Continuous Financial Education for Women Small Business Owners

FICO

In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of Women Business Owners ( NAWBO ) Advocacy Day events in DC. Joanne Gaskin is Vice President of Scores and Analytics at FICO. In her role, Ms. Prior to joining FICO, Ms.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

“The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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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. The FDIC has not yet proposed a similar rule.

Utah 78
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Dear Mr./Ms. Bank Regulator

Jeff For Banks

John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). Warm Regards, Schmidlap National Bank.

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Top 5 Risk Analytics Posts: From Rising FICO Scores to Alt-Data

FICO

For the first time since we’ve been tracking these stats, the average national FICO Score reached the 700 threshold — some 10 points above what it was just prior to the recession in October 2006.”. Yes, and psychometric risk analytics could expand credit in markets worldwide. Read the full post.