CFPB Monitor
JANUARY 5, 2024
On December 22, 2023, the Attorney General of Montana released an opinion (the “Opinion”) concluding that certain earned wage access (EWA) products are not “consumer loans” or “deferred deposit loans” under Montana law and do not, therefore, require licensure by the Montana Division of Banking and Financial Institutions.
PYMNTS
MAY 9, 2019
African FinTech payment startup Chipper Cash has attracted some high-profile investors and raised $2.4 The funding round was led by Deciens Capital and joined by 500 Startups and Liquid 2 Ventures, which was co-founded by legendary former 49ers quarterback Joe Montana. He said having Montana as an investor adds value.
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CFPB Monitor
APRIL 23, 2020
The Montana Supreme Court, in Bratton v. has ruled that a health care provider’s use of prepaid cards to make refunds to patients did not violate Montana law. In affirming the district court’s grant of summary judgment to SCL, the Montana Supreme Court concluded: Transfer of obligation to make refunds.
CFPB Monitor
DECEMBER 2, 2019
an appeal now pending before the Montana Supreme Court involving a challenge to the defendant’s use of prepaid cards to make refunds to the plaintiff. In addition, the Montana Bankers Association, the American Bankers Association, and the Consumer Bankers Association filed an amicus brief in support of the defendant.
PYMNTS
NOVEMBER 3, 2020
With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.
PYMNTS
OCTOBER 23, 2020
Online grocers are increasingly allowing underprivileged consumers to use EBT payments (the modern equivalent of food stamps) at a time when the pandemic has made going to the store too risky for many shoppers. But some prominent players have enabled online EBT payments in recent months, including: Amazon .
PYMNTS
OCTOBER 30, 2019
Montana-based FinTech Payouts Network announced a partnership with Georgia-based Priority Commercial Payments in a press release Tuesday (Oct. The partnership enables instant payouts instead of using checks or ACH to provide payments to consumers, employees and businesses. That knowledge comes from exposure, as adult U.S.
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