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California Court Denies DFPI’s Motion for Preliminary Injunction Against OppFi

CFPB Monitor

In a lengthy (65-page) order , the California Superior Court in Los Angeles has issued an extremely important decision upholding the legitimacy of bank-model online lending by denying a motion for preliminary injunction filed by the California Department of Financial Protection and Innovation (DFPI) that sought to force fintech Opportunity Financial (..)

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Supply Chain Hiccups Sink The RealReal’s Q2

PYMNTS

The drop was tied to closings at its two New York City physical locations and reduced supply for its consignment business model in New York and Los Angeles. The RealReal operates four stores, two in New York and one each in Los Angeles and San Francisco. And Los Angeles is picking up.

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Shifting The Used Car Market Into Overdrive

PYMNTS

It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4 Via online and mobile it has introduced artificial intelligence (AI)-based technology in pricing cars as well as qualifying for financing. trillion market in the U.S. How It Works.

Marketing 242
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Finance Players Bringing Their A-Game to Super Bowl (of Advertising)

Bank Innovation

While the Super Bowl is expected to showcase great football on Sunday, when the Los Angeles Rams and New England Patriots face off, it will also feature the year’s “championship” of TV […]. The Super Bowl, the only time in the year that people tell you to be quiet because a commercial is on, is upon us.

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How Digital Innovators Capitalize On Subscription Businesses

PYMNTS

To serve a wide range of consumers in the digital age, innovators are rolling out subscription offerings ranging from news content to gaming. From Netflix to FabFitFun , digital innovators are adopting recurring payment models to provide consumers with access to entertainment and apparel along with other products and services.

Capital 130
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Media Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal

Bank Innovation

Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the transaction were not disclosed.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering.

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