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CFPB Looks To Regulate Overdrafts In 2017 – If It Still Can

PYMNTS

Some observers noted that revenue from overdraft fees now outpaces that from pawn shops, payday lenders and tax-refund anticipation cheques put together. “[Overdrafts] allow customers to spend money they don’t have — then punish them for it,” notes Josh Reich, co-founder and CEO of Simple, an online bank based in Portland, Oregon.

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SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

This is good news for the job market; however, a number of decisions may be made before yearend that will change the competitive landscape for small businesses. provides turn-key digital lending technology and integrated digital marketing for financial institutions, targeted toward small business and consumer loans. www.rcgiltner.com.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

HQ: Portland, Oregon. Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Tags: Tax, advisor platform, marketing, client services, accounting, SMB. Latest round: $18 million. Total raised: $35 million. Source: Finovate. Mobile payments for vending machines. Latest round: $12 million.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Stock market charting tools. HQ: Portland, Oregon. Tags: Advisors, investing, social, marketing, sales, trading. Alt-lender targeting millennials . Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California. Source: Crunchbase , WSJ. P2Binvestor. Latest round: $5 million Debt.

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