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Your 2013 State of Banking Predictions for This Year Were Right on the Money

Bank Innovation

PREMIUM —In 2013, Bank Innovation asked readers to predict the state of innovations in banking for 2018. Data collected in the September 2013 Bank Innovation survey showed that our readers had excellent foresight into the current innovations and challenges of the fintech industry.

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HSBC divides into four businesses in major overhaul of operations

TheGuardian

A qualified chartered accountant, she joined as head of audit in 2013 and has almost 40 years’ experience working for UK, US and German banks. The bank also announced the promotion of its chief risk and compliance officer, Pam Kaur, to chief financial officer, the first woman to occupy the role in HSBC’s 159-year history. Continue reading.

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Dunkin’s ‘Flexible Operating Model’ Offers Delivery, Pickup, Drive-Thru Amid COVID-19

PYMNTS

has a “flexible operating model” where it can keep providing delivery, curbside pickup, and drive-thru where in-restaurant dining is not permitted. percent comparable store sales in the first 10 weeks of the quarter, and it was “on track to deliver the highest quarterly comp since Q3 of 2013.”. locations remain open as of April 25.

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‘Death-Spiral Financing’ Leads to SEC Fraud Charges Against Penny-Stock Operator

PYMNTS

In a tale that roughly recalls the 2013 Martin Scorsese film “ The Wolf of Wall Street ,” the U.S. The complaint also targets three other people involved in the alleged fraud, which the SEC said took place in 2012 and 2013. Securities and Exchange Commission has sued financier Joshua Sason for fraud.

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Washington State AG Sues Debt Buyers for Operating Without a License

CFPB Monitor

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

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Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany

PYMNTS

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

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FTC announces “Operation Collection Protection”

CFPB Monitor

Last week, the FTC announced a new coordinated effort against unlawful debt collection practices, “Operation Collection Protection.” In November 2013, the CFPB issued an Advance Notice of Proposed Rulemaking concerning debt collection.