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Top News In Payments: CFPB Seeks Remittance Exemptions For Small Banks; Regulators Support Traditional Credit Evaluation Alternatives
In today’s payments news, the Consumer Financial Protection Bureau (CFPB) has proposed to boost the number of smaller banks and credit unions (CUs) that would not be governed by rules tied to international money transfers. Also, federal banking regulators reportedly support using alternative methods to determine creditworthiness to help high-risk individuals get loans. And Google […]
Snap has documented Facebook’s alleged anti-competitive moves in a collection of files nicknamed Project Voldemort, The Wall Street Journal reported on Monday (Sept. 23). Copying Stories and preventing people from linking to Snapchat profiles are just some of the perceived offenses. Voldemort documents also accuse Facebook of intentionally suppressing Snapchat-related content. Snap is joining other […]
With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. Startups helping other businesses to manage their financing proved popular with investors, but it was a Vietnamese B2B eCommerce startup that took home the largest round. PYMNTS […]