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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

DC AG Sues Instacart Over Fees Customers Thought Were Tips. Klarna, the Swedish-based global payments and buy now, pay later (BNPL) provider, reported mixed results for 2020’s first half — a 37 percent jump in operating income, but a 903 percent expansion in overall operating losses. operation in Culver City, California.

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Solar-Powered eScooters Coming To DC

PYMNTS

15 per minute to operate. We think scooters are genuinely wonderful solutions, but they’re not the solution for everything,” said Dan Winston, a general manager over Spin’s Washington operations. Now, Spin has eScooters in 32 U.S. cities (and campuses), including Washington, D.C., Denver, Detroit, Charlotte and Coral Gables, FL.

DC 100
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Federal Reserve Extends FedNow Service Comment Period

Perficient

The Board also proposed changes and clarifications to subpart B, governing the Fedwire Funds Service, to reflect the fact that the Reserve Banks will be operating a second funds transfer service in addition to the Fedwire Funds Service, as well as technical corrections to subpart A, governing the check service.

DC 309
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Penske Announces Launch Of Carsharing Unit

PYMNTS

Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week. based call center and a local fleet operations team. Penske has also secured reserved parking options at Colonial Parking garages in Washington, DC.

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

The coffee chain, which operates in 78 global markets, opened its first store in Seattle in the 1970s. Starbucks hit a store count milestone by opening its 30,000 th worldwide location in Shenzhen, a move made ahead of plans to open hundreds of stores each year in China. Starbucks Coffee.

DC 109
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CFPB announces advisory committee members

CFPB Monitor

Eric Kaplan, Director of the Housing Finance Program, Milken Institute (Washington, DC), was appointed to serve as CAB Chairperson. Jean Setzfand, Senior Vice President, AARP (Washington, DC). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). Bank (Minneapolis, MN).

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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

New rules would require online lending companies like Ant to provide 30 percent of funding for loans, and firms would be banned from operating outside provincial bases without approval from a watchdog, Bloomberg said. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

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