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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko. The need for a single tool that can reduce operational complexity for product-based businesses is acute.”. The deal is forecast to close in September of this year, according to an announcement from Intuit.

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Making Patient Data Accessible with Healthcare Interoperability

Perficient

As of January 1 st , 2021, Medicare Advantage, Medicaid, CHIP, and plans on the federal Exchange beginning in 2012 are required to support a standardized FHIR API. Perficient partners with MuleSoft to improve clinical, financial, and operational efficiency.

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Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

The CMBS delinquency rate reached 10.31% earlier this year, and the peak ever was 10.34% in July 2012 so we reached almost the peak historically but have been slowly decreasing ever since. He does not expect this trend to stop but we are seeing some interesting innovations from student housing and lodging operators around college campuses. .

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

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Facebook’s Sandberg Pushes Back On Antitrust Allegations

PYMNTS

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014.