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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I Freeman allegedly worked with five co-conspirators.

Bitcoin 222
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What to Do When Your Banking App Stumbles Out of the Gate

Bank Innovation

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237
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The Facebook Files: HUD Investigation Into Facebook Data Practices Appears to Continue

Bank Innovation

That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […].

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Another Payment Megadeal, Amazon Suppliers And PayPal SMB Lending Top The Week’s News

PYMNTS

PayPal Hits $10B SMB Lending Milestone. Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. Fun, Cool or Otherwise Interesting.

Lending 122
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CFPB Summer 2020 Highlights looks at consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending

CFPB Monitor

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Fair lending. Payday lending. Key findings are described below. Consumer reporting.

Lending 78
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Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net $136B In Annual Shopping Event

PYMNTS

the global technology company specializing in retail, and JD.com Inc., The company said the funds will help with new offerings that assist its retailers in handling the evolved operating climate as well as provide diners with secure and accessible ways to transact. Alibaba Group Holding Ltd., The 18-day event delivered $136.5

Payments 141