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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Plaintiffs in Lawsuit Challenging Legality of CFPB Taskforce on Federal Consumer Financial Law Move for Summary Judgment

CFPB Monitor

In June 2020, the National Association of Consumer Advocates, U.S. The crux of the Complaint alleges that the Bureau’s Taskforce failed to comply with the Federal Advisory Committee Act (FACA), a federal law that governs the creation, operation, and management of advisory committees to federal agencies.

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Bitcoin Tracker: Up, Up And Away?

PYMNTS

First, bitcoin has managed to stay above $1,000 for a record 10 days, leading some to speculate that the cryptocurrency could be developing a new, $1,000 price floor — though it may still be too early to tell. Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C.,

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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

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Ripple Effects: Mobile Payments Are Just The Beginning

PYMNTS

Cohen owns a national distribution network and deals with some of the nation’s biggest retailers. The picture is so different to the traditional warehouse setting, where workers buzz about on forklifts stacking and picking and conforming to safety regulations and just-in-time processes. Well, probably not.

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Stripe Sizzles, Auto Loans Fizzle And Sales Suck The Sizzle Out Of Retail

PYMNTS

With the first full week back from Black Friday, into Cyber Monday and beyond, give thanks to the consumer, who has managed to stay buoyant, and chipper, even, when it comes to opening the purse strings. The latest data show that SMEs in the nation have been forced to write off as much as $62 billion annually in bad debt. Plenty bad.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. Maybe it is nationally, but Bucks County (PA) has yet to participate. in July and CoreLogic, +4.6%