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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

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PayTabs Group launches PayTabs Issuance

The Paypers

PayTabs Group has announced the launch of PayTabs Issuance, a secure prepaid card issuing solution aimed at scaling business operations, regionally.

Groups 36
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China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism

PYMNTS

Speaking at a news conference with leaders of six major international economic and financial groups, including the World Bank and International Monetary Fund, Li said the country's economy “this year can achieve positive growth, and we expect next year (economic) operations can recover to a reasonable range,” Reuters reports. “We

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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. Want the full post?

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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.

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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

Groups 116
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Strong first quarter: GFT Group upgrades guidance

Bobsguide

Group EBT up by 91 percent compared to first quarter of 2021, revenue up by 40 percent. – Group revenue guidance for 2022 upgraded from EUR 680 million to around EUR 720 million and EBT guidance from EUR 54.5 Pre-tax earnings for the full year are likely to reach around EUR 58 million at Group level (previously: EUR 54.5

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