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From Farce to Menace

Independent Banker

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. Talk about your captive regulator! When credit unions say “jump,” the NCUA says, “how high?”. Or, more simply, they should adopt a bank or thrift charter. So, yes, here we go again.

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Letter sent to lawmakers urging Congress to pass legislation creating a legal framework for income share agreements

CFPB Monitor

The individuals signing the letter were former Democratic Delaware Governor Jack Markell, who is now a Vemo Education board member, and John Bailey, who served as a White House Domestic Policy Adviser to President George W. Bush and is now a Kenzie Academy board member.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. The state reportedly would impose a $250,000 licensing fee on betting providers, along with a 3 percent tax. Since the U.S.