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India OKs Facebook Subsidiary’s Acquisition Of Jio Platforms Share

PYMNTS

CCI said Jaadhu is a wholly owned Facebook subsidiary, which was started in March of this year under Delaware state laws, according to a press release. RJIL is a licensed operator of communications systems, which services customers throughout India.

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Bitcoin Daily: Crypto Phone Coming Soon, South Korean Lawmakers Draft Crypto Rules

PYMNTS

The government of India is not looking to ban crypto assets, despite recent central bank policy that has told banks to not service accounts of coin market operators, Cryptovest reported. million home in Delaware was purchased with bitcoin, Bitconist reported. On another note, a $1.75 as well as the U.K.

Bitcoin 104
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Facebook Invests $130M In Content Oversight Board

PYMNTS

Brown Brothers Harriman Trust Company of Delaware, N.A The initial investment is forecasted to cover the operating expenses of the board for two three-year terms — or roughly six years. Facebook reportedly plans to keep funding the operation of the board after the six years. will function as the corporate trustee.

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“Dormant Commerce Clause” case law continues to evolve

CFPB Monitor

In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc. I, § 8, cl.

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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

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Blockchain Tracker: Banks’ Experimentation With Blockchain Tech

PYMNTS

One of the seemingly largest barriers for banks with blockchain technology are federal-level regulations. As blockchain does not depend on any one centralized system to operate, this likely poses a problem for the well-regulated banks around the world. From the U.K. receiving £3.6