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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. Inked Brands. $ Unicorns on the map include SoFi in California, Oscar in New York, Avant in Illinois, Kabbage in Georgia, and AvidXchange in North Carolina. Click on the image below to enlarge. Connecticut. YellowPepper.

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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Holdaway will be based in Wilmington, Delaware, and will start his new position in July. The business serves millions of consumers around the world, providing branded and co-branded consumer credit cards, lending and retail deposit services to consumers, as well as B2B solutions to clients. and Germany.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Ziddu focuses on blockchain-backed solutions that offer microfinance lending against collateralized commodities in the form of Ziddu Coins — in other words, blockchain-based technology that could hypothetically make it easier for LongFin to collect collateral from borrowers. “Eating a burger is now a way to mine for cryptocoins!

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Others include Hijro (formerly Fluent), which offers an alternative platform for lending into global supply chains, and Skuchain , which builds blockchain-based products for the business-to-business trade and supply chain finance market. Cloud storage . Government and public RECORDS .