PYMNTS

NOVEMBER 26, 2019

The company has a partnership with Amazon in which it lends to customers with low credit scores. Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents” and attracts customers with offers of discounts and deals, per reports.

Data 130

Data Delaware Oregon Maryland 130

Jeff For Banks

APRIL 4, 2010

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). The bank closed during the national bank holiday that was ordered by President Roosevelt in 1933.

Community Bank 60

Community Bank Pennsylvania National Community 60

CFPB Monitor

NOVEMBER 14, 2014

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

Delaware 84

Delaware Cards Regulation Lending 84

Independent Banker

FEBRUARY 24, 2016

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

CB Insights

AUGUST 25, 2017

Banks are among the growing number of financial services giants investing in blockchain startups such as R3 CEV, which is working with an 80+ member consortium of banks, regulators, and technology partners to develop Corda, a blockchain platform designed to be the “new operating system” for financial markets. Cloud storage .

blockchain 78

blockchain Industry Bitcoin Security 78

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60