article thumbnail

DOJ Settles Redlining Claims in Rhode Island

CFPB Monitor

The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%

article thumbnail

Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

PYMNTS

Our proprietary Atomic Swap technology enables immediate trade between major cryptocurrencies, our partners’ alternative currencies, and fiat currencies — both on the platform and in the local market,” according to the whitepaper. . Ultimately, outside of the villages, you really can’t trade cell phone minutes for anything,” he continued. “So

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

PYMNTS

David Cicilline , (D-Rhode Island) raised questions about the deal. I have serious concerns that this transaction is an attempt by Intuit, a dominant incumbent, to eliminate an innovative and disruptive upstart, and that if permitted, it will harm the competitive process,” the Rhode Island Democrat wrote.

article thumbnail

Report: US House Could Break Up Big Tech firms

PYMNTS

David Cicilline (D-Rhode Island). Cicilline said Amazon , Apple , Google and Facebook have been abusing their power on the market to beat out smaller competitors. Cicilline said Amazon , Apple , Google and Facebook have been abusing their power on the market to beat out smaller competitors. He said Congress must act.

article thumbnail

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

This internet Goliath used its power to manipulate the market, destroy competition and harm YOU, the consumer,” Paxton's office said in a tweet on Wednesday (Dec. DOJ and state attorneys general have conducted separate but parallel investigations into Google’s anticompetitive market behavior,” Weiser said in a press release.

article thumbnail

FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error

PYMNTS

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). District Court for the District of Rhode Island, alleged that the company, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C.

article thumbnail

Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.