CFPB Monitor

NOVEMBER 16, 2020

The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). The CFPB’s announcement invites innovators to request a meeting and describe the topic(s) they would like to discuss during their virtual session.

Colorado 78

Colorado South Carolina Tennessee Utah 78

CFPB Monitor

JULY 14, 2022

The California Department of Financial Protection and Innovation (DFPI) has filed its opposition to Opportunity Financial, LLC’s (OppFi) Demurrer to the DFPI’s cross-complaint.

California 78

California Innovation Utah Texas 78

CFPB Monitor

OCTOBER 2, 2019

Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. Companies are encouraged to informally contact the Office of Innovation to discuss potential applications.

Policies 60

Policies Innovation South Carolina Indiana 60

CFPB Monitor

JUNE 11, 2019

Utah Governor Gary Herbert signed H.B. Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. The sponsor of Utah’s legislation, Rep. The program will be administered by the Utah Department of Commerce (the Department).

Utah 60

Utah Arizona Regulation Innovation 60

CFPB Monitor

DECEMBER 21, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans.

California 78

California Utah FDIC Regulation 78

BankInovation

JANUARY 15, 2021

Fintechs MX and Blend secured $300 million funding rounds Wednesday just as both companies top off plans for digital innovations in the coming months. Global payments fintech Rapyd also joined the pack with its own $300 million package, which it will use to expand its engineering teams.

Fintech 75

Fintech Utah Analytics Software 75

American Banker

FEBRUARY 7, 2020

Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.

Utah 80

Utah California Fintech Industry 80

Perficient

DECEMBER 7, 2020

Activities included biking down Lakeshore Drive, walking in the Chicago suburbs, running in Utah, and hiking in the Smoky Mountains – to name a few! Over the course of six days, nineteen participants took part in 134 activities and covered a total of 604.56 miles in the Perficient Virtual Fitness Challenge.

Chicago 322

Chicago Utah Training Community 322

Bank Innovation

SEPTEMBER 18, 2017

The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].

Utah 170

Utah Online Security FDIC 170

PYMNTS

JANUARY 6, 2021

As this week's Commercial Card Innovation Tracker reveals, the industry is increasingly showcasing the opportunity in value-added benefits and rewards, like cash back and partnership deals, to help organizations make their money go further. Divvy Lands $165 Million For Spend Management Tech.

Cards 257

Cards Utah Capital Video 257

CB Insights

OCTOBER 15, 2021

This round drew participation from Core Innovation Capital, Greylock Capital Management, and Portag3 Ventures. Utah-based Atomic’s payroll APIs connect payroll accounts to third-party apps in order to streamline direct deposit switching and employment/income verification for users. How’s the company performing?

Utah 78

Utah Capital Innovation Fintech 78

PYMNTS

DECEMBER 22, 2020

Rent-A-Center is purchasing Acima, which is based in Utah. Read More On Retail: Digital Marketplaces Like Amazon Are Primed For Consolidation Rx Apps Ranked For Curing The High Cost Of Prescriptions Authentication Company FakeSpot Says Shopify Is Riddled With Scammers Digital Approaches Fuel Innovation For Clothing Retailers, Restaurants .

Retail 173

Retail Utah Survey Strategy 173

PYMNTS

FEBRUARY 6, 2020

She offered a list of other firms engaged in similar practices, such as LoanMart, where auto title loan rates range from 60 percent to 222 percent, and where bank sponsors are based in Utah. Testimony from Diaz and Saunders identified three banks based in Utah tied to such schemes.

Utah 130

Utah National California Regulation 130

PYMNTS

MARCH 19, 2020

Also, Square won a banking license for an industrial bank in Utah. FinTech leader Fiserv has acquired independent software vendor Bypass Mobile, an innovator in the point-of-sale systems arena. In today’s top news, due to the coronavirus, over 3,600 workers have lost their jobs and JPMC has temporarily closed 1,000 branches.

FDIC 130

FDIC Utah Payments Mobile 130

PYMNTS

NOVEMBER 20, 2018

The new states enjoying these perks now include Alabama, Arizona, Connecticut, Idaho, Illinois, New Jersey, New Mexico, Oregon, Tennessee, Texas and Utah. This unique offering helps customers better protect their homes, and provides our independent agents with an innovative way to differentiate themselves in the marketplace.”.

Idaho 139

Idaho Alabama Wisconsin Missouri 139

CFPB Monitor

FEBRUARY 16, 2022

As we also reported , the California Department of Financial Protection and Innovation (CADFPI) proposed implementing regulations in September 2020, modifications to its proposal in April 2021, second modifications in August 2021, third modifications in October 2021, and fourth modifications in November 2021.

North Carolina 78

North Carolina Missouri Maryland Mississippi 78

PYMNTS

JUNE 26, 2020

Utah-based FI Continental Bank is one such entity tapping cloud technology to bring more flexibility to its financial solutions as the pandemic makes seamless digital services more critical. How N26 Is Using Cloud Core Banking for Nimble Mobile Innovation. Developments Around the Cloud Banking World.

Meeting 227

Meeting Mobile Digital Banking Tools 227

PYMNTS

FEBRUARY 7, 2019

“With continued innovation and personalization, we are providing customers with more ways to enjoy fresh, delicious meals that align with their individual tastes.”

Ohio 116

Ohio Montana Wyoming Columbus 116

CFPB Monitor

JUNE 10, 2022

However, in states where 160% APR is legal, OppFi names itself as the lender in the loan contracts, but in states where such APR is illegal, OppFi instead names a Utah-state chartered bank as the purported lender and OppFi as the loan servicer. Opportunity Financial, LLC , Case No. A copy of the Complaint may be found here.

Texas 78

Texas Fintech California Utah 78

PYMNTS

DECEMBER 20, 2018

SWIFT , the messaging service, said earlier this week that its SWIFT global payments innovation (gpi) service is being used for a majority — as in 55 percent — of its cross-border traffic. Reuters reported that the license allows non-traditional finance firms to collect government loans, and that the bank would be chartered in Utah.

Utah 134

Utah FDIC System Retail 134

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 78

CFPB Monitor

MAY 19, 2022

The complaint seeks a declaration that the CFL interest rate caps do not apply to Program Loans and an injunction prohibiting the DFPI from enforcing the CFL rate caps against OppFi based on its participation in the Program.

California 78

California Utah United States FDIC 78

CB Insights

MARCH 13, 2019

Collectively, these startups have raised over $5B, with leading companies such as Butterfly Network (Connecticut, $350M in total disclosed equity funding), Welltok (Colorado, $339M), and InsideSales.com (Utah, $264M). The Innovation Scout. See the full map below. We exclude funding from debt, loans, and lines of credit. California.

United States 78

United States Rhode Island Massachusetts Connecticut 78

CB Insights

FEBRUARY 1, 2019

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Connecticut Innovations. Innovation Catalyst. 2018 VC Report: global funding surges 21% compared to 2017. BIP Capital.

United States 78

United States Capital DC Rhode Island 78

PYMNTS

MAY 2, 2016

Now, TJX is turning the growth knob up to 11 with more planned openings in Salt Lake City, Utah, in May and Ann Arbor, Michigan, in Q3. “We We are very happy with the early reads in our new Sierra Trading Post stores, and we would be thrilled for STP to eventually become a fourth major chain in the U.S.

Vermont 100

Vermont Denver Utah Michigan 100

PYMNTS

MAY 2, 2019

To provide customizable meal plans for dogs, eCommerce innovators are offering freshly cooked meals delivered to consumers through the subscription business model. and has three distribution centers, in New Jersey, Illinois and Utah. Pet Plate , in one case, is a service based on the profile of each dog. “We

New Jersey 109

New Jersey Utah Illinois Company 109

CFPB Monitor

OCTOBER 6, 2022

A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge.

California 78

California FDIC Analysis Utah 78

PYMNTS

MAY 30, 2017

Meanwhile, in Utah, Macey’s shoppers can now use their phones to Skip Checkout. Both Campbell and Chef’d believe in continuing to drive innovation in the new food economy, particularly around consumer customization and e-commerce solutions.”. Up next are areas in Texas, Connecticut, Florida, Ohio and South Carolina.

South Carolina 121

South Carolina San Francisco Connecticut Utah 121

PYMNTS

MARCH 8, 2018

That year, Airbus Chief Executive Officer Tom Enders said the Uber collaboration would be tested at the Sundance Film Festival in Park City, Utah. And, in 2016, Uber offered an airborne option to a wider number of users, having teamed up with Airbus Group SE to facilitate on-demand flights in the latter company’s H125 and H130 helicopters.

New York 112

New York Retail Los Angeles New York City 112

Fintech Labs Insights

MAY 12, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind ( note 1 ). So, the capability has existed for 20 years. 1,050,000. SmartBiz Loans. 1,350,000. 1,200,000. CAN Capital. Fundera (NerdWallet).

Atlanta 15

Atlanta Utah DC Detroit 15

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. The most important aspect of this deal is Huntington.

Fintech 148

Fintech Strategy Leadership Lending 148

Filene

SEPTEMBER 23, 2016

Upon opening, George mercifully made it clear right away that Andrew was only leaving the Innovation role to move into the Research role. We play a lot of tricks on each other at Filene, and this email was from George, but it was enough to scare us, and it certainly was an effective way to get us to read an email immediately.

Utah 28

Utah US Community Innovation 28

Filene

MARCH 4, 2016

Local Host: Utah Credit Union Association. Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change. We'll walk through some of Filene's latest programs, and the research and innovation behind them. 10:00 a.m. -

social media 28

social media Utah Innovation Digital Strategies 28

CFPB Monitor

SEPTEMBER 12, 2019

In addition, the CFPB has announced the creation of the American Financial Innovation Network (ACFIN) to facilitate coordination between the CFPB, other federal regulators, and state regulators and the CFPB’s issuance of the first NAL under the revised NAL Policy. First NAL under new policy.

Policies 60

Policies Compliance Regulation South Carolina 60

Fintech Labs Insights

DECEMBER 17, 2015

Around the web: Utah Community Credit Union chooses DNA(R) account processing platform from Fiserv. Tactile Finance CEO Nicole Hamilton earns spot in The Inman Groups Top 101 innovators. On Finovate.com: Mark Shifke Named Green Dot CFO After 8 Month Interim Term. TechEU interviews Klarna CEO, Sebastian Siemiatkowski.

Utah 12

Utah Community Groups Innovation 12

Fintech Labs Insights

MAY 12, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. HQ: Salt Lake City, Utah. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind ( note 1 ). So, the capability has existed for 20 years. 1,050,000. SmartBiz Loans. 1,350,000. 1,200,000. Biz2Credit.

Atlanta 15

Atlanta Utah DC Detroit 15

CFPB Monitor

APRIL 19, 2022

The complaint seeks a declaration that the CFL interest rate caps do not apply to Program Loans and an injunction prohibiting the DFPI from enforcing the CFL rate caps against OppFi based on its participation in the Program.

California 78

California Innovation Utah United States 78