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Michigan’s November 2022 Ballot to Include Fair Lending Proposal Capping Payday Loan Interest Rates

CFPB Monitor

The group cited numerous concerns as to why the payday loan interest rate cap was necessary, including evidence that the current rate terms trap vulnerable state citizens in a cycle of debt, make it difficult to secure housing, and disproportionately impact rural communities and communities of color.

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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June. The ability for grocers to enable safe and secure ecommerce, for all of their customer segments, remains critically important to their success.”.

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Fifth Circuit denies rehearing en banc in case with implications for CFPB’s use of administrative law judges 

CFPB Monitor

Securities and Exchange Commission , a case with significant implications for the use of administrative law judges (ALJs) by federal agencies, including the CFPB. District Court for the District of Columbia to enjoin the proceedings, claiming violations of several constitutional rights. Supreme Court.

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242 Startup Failure Post-Mortems

CB Insights

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site. Around 4 p.m.,

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Entering the cannabis banking market

Independent Banker

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. It’s a strategy that an increasing number of community banks are embracing.

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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year.

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Public Policy Predictions 2019: Regulatory Reforms Ahead

FICO

Court Appeals for the District of Columbia vacated key parts of the Federal Communications Commission (FCC) 2015 TCPA Order , which had created much confusion and sparked increased litigation. Regulators Will Make Major Strides Towards Reaching Consensus on Modernizing the Community Reinvestment Act. In March, the U.S.