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Lending Club’s Renaud Laplanche Is Back With A New Venture

PYMNTS

Renaud Laplanche, Lending Club’s former CEO, is back with a new internet lending startup called Credify Finance Corp. But despite its early status, Credify comes into the market pre-wired for lots of attention — since its founder is both famous and infamous in online lending circles. Department of Justice.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

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Third Circuit holds application of PA usury law to auto loans made to PA residents at out-of-state locations does not violate Commerce Clause

CFPB Monitor

Court of Appeals for the Third Circuit recently ruled that the application of Pennsylvania usury laws to vehicle-secured loans made to Pennsylvania residents who travel outside of Pennsylvania to obtain such loans does not violate the Commerce Clause of the U.S. In TitleMax of Delaware, Inc. Constitution.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Finance in motion— $1B moved for $0.02 We are here. We are in it. It makes the skin crawl. Do you think we will see another moment like this in our careers?

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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

It was a northbound terminus of the Delaware, Lackawanna and Western Railroad (DL&W) used to move coal northward that was being mined in Lackawanna and Luzerne Counties. They take deposits from us and our neighbors, and lend it to us and our neighbors. Please do not claim to invest in any security based on what you read here.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Ziddu focuses on blockchain-backed solutions that offer microfinance lending against collateralized commodities in the form of Ziddu Coins — in other words, blockchain-based technology that could hypothetically make it easier for LongFin to collect collateral from borrowers. NXT-ID INC. 48-hr stock change: 242%. Industry: IoT.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.