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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

Best Picture — Payments Innovation. But no matter where one looks, it seems payments innovation is the big winner. This week saw three very big names in retail and payments weigh in on the debate over gun control in an attempt to push the market toward regulating itself with or without government intervention.

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The ICBA 22/23 executive committee is all in

Independent Banker

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. Omaha, Neb. We are not Wall Street banks—we are community banks.

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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

The recharacterization threat also diminishes both the opportunity for innovation in lending products and the availability of credit, especially for consumers with risker credit profiles. 93a, the OCC is generally “authorized to prescribe rules and regulations to carry out the responsibilities of the office.” Under 12 U.S.C. §

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The Roil Over B2B Payments Rails

PYMNTS

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Omaha, Nebraska — Buffet’s birthplace — was the home of the First Transcontinental Railroad , which made railroads an important part of the Omaha economy. Warren Buffet made rails sexy again when he bought a railroad in 2009.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Today, the “Oracle of Omaha’s” net worth is almost $83B — making him the third wealthiest person in the world, after Jeff Bezos and Bill Gates. He preaches the importance of fiscal responsibility, and he still lives in the house he bought in Omaha for $31,000 in 1938. Two decades later, he was a billionaire.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Source: NW Innovation. HQ: Omaha, Nebraska. million), mobile security provider Tyfone ($6.6

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The Wit And Wisdom Of Investor Letters

PYMNTS

Innovation is the engine of America,” Purcell noted. Moreover, Dimon warned that regulating the biggest banks in the United States out of existence won’t solve any real problems — just move the issue to Chinese shores, where big banks will still be able to operate. Buffett is correct. So then the argument broke out.