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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. Louis Fed President James Bullard told Reuters in November, the FinTechs “probably do want access to the payments system, but they don’t want the regulation that would come with that access.

Fintech 148
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. Louis Fed : [S]mall-business loans—i.e.,

Lending 243
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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6). Minyard was founded back in 1932 and, at one point, operated more than 80 locations throughout the South. million bill for alleged unpaid wages to JV Fitness’ staff comes due.