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Cannabis firms are cut off from the US financial system, but relief is in sight

TheGuardian

US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that’s the case right now for anyone licensed to sell cannabis in the US.

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State Bank Regs File Suit To Block OCC’s Bank Charter

PYMNTS

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct. Reports in Reuters on Thursday (Oct. The body of U.S.

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Sprint Benefits From Less Expensive Subscriptions

PYMNTS

T-Mobile and Sprint are the third and fourth cell phone providers in the nation. At the time, it was noted that 13 states and the District of Columbia had come together to try and strike down the combination. The state attorneys’ rationale was that the merger would result in higher rates for customers.

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DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

In only one recent example, as reported by Washington City Paper , the District of Columbia passed legislation that would cap commissions at 15 percent, where it had been 30 percent — at least for the duration of the public health emergency.

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Uber Agrees To Pay $145M Fine To Settle Data Breach Lawsuit

PYMNTS

Companies in California and throughout the nation are entrusted with customers’ valuable private information. The nationwide settlement, which California helped to lead, calls for a $148 million penalty payment by Uber, benefiting all 50 states and the District of Columbia.

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Deep Dive Into the Distribution of FICO® Scores Across the US

FICO

This trend of an increase in the average score at the national level is also evident at a state and city view. In fact, all 50 states, including the District of Columbia, and the 33 metropolitan areas (MSA) we evaluated showed an increase in their average FICO Scores between April 2020 and April 2021.

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CFPB issues 50-state complaint snapshot

CFPB Monitor

The report includes the District of Columbia. The report begins with national complaint data which shows that between January 2017 and June 2018, the Bureau received 494,540 complaints, and that 98% of company responses during that period were timely. Wyoming consumers submitted the fewest complaints of any state.