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Texas digital-only bank offers miles instead of interest

Bank Innovation

As digital banks strive to lock in customers, a Texas-based newcomer to the industry is betting on travel miles as an incentive. Bask Bank, a fee-free digital savings bank created and funded by Texas Capital Bank, launched earlier this week with “thousands of customers.”

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Plaintiffs and intervenors file summary judgment motion in Texas lawsuit challenging CFPB small business data collection rule

CFPB Monitor

The plaintiffs and intervenors in the lawsuit filed in a Texas federal district court challenging the CFPB’s final small business lending rule implementing Section 1071 of Dodd-Frank (Rule) have filed a consolidated motion for summary judgment.

Texas 78
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3 Key Commerce Areas the Texas Winter Storm Teaches Us About Being Unprepared

Perficient

If you’ve been following the news recently, you’ve likely heard something about how Texas has been trampled by unusually cold temperatures and snow this past week. You may have read a previous post I published about moving to Texas from Massachusetts. What you may not have heard is how unprepared the state was for this event.

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Trade groups file lawsuit in Texas federal court challenging CFPB final credit card late fee rule and ask for preliminary injunction

CFPB Monitor

Just two days after the CFPB issued its final credit card late fee rule (Rule) last week, a lawsuit was filed in a Texas federal district court seeking to invalidate the Rule. Continue Reading

Texas 78
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Texas Hotelier Nets $59M In PPP Loans

PYMNTS

The biggest benefactor of the Paycheck Protection Program (PPP) is a Dallas, Texas-based hotelier named Monty Bennett, who has received $59 million from the program intended to help small or medium-sized businesses with the economic crisis.

Texas 341
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Farm credit trade associations file motion seeking to intervene in Texas lawsuit challenging CFPB small business lending rule

CFPB Monitor

Last week, three farm credit trade associations filed the latest in a series of unopposed emergency motions for leave to intervene in the Texas case challenging the Consumer Financial Protection Bureau’s (“CFPB”) final small business lending rule implementing Section 1071 of the Dodd-Frank Act (Rule).

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Texas Lets Eateries Deliver Alcohol With Food Orders

PYMNTS

To help address financial challenges brought about by the coronavirus, Texas Governor Greg Abbott put into place a waiver that lets restaurants deliver alcohol with food orders, ABC 13 reported. The State of Texas is committed to supporting retailers, restaurants, and their employees,” Abbott said per the report.

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