Remove 2012 Remove Agreements Remove Caps
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Industry Statements on on Merchant, Payment Network Lawsuit Agreement

Electronic Payments Coalition

EPC STATEMENT: WASHINGTON – Electronic Payments Coalition (EPC) Executive Chairman Richard Hunt issued the following statement regarding the impact the interchange lawsuit agreement between U.S. Congress should put an end to the ill-advised Durbin-Marshall mandates and let the agreement merchants reached stand on its own.”

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Payday Lending Viewed From Inside A NY Courtroom

PYMNTS

Tucker’s company, AMG Services, allegedly sidestepped state-by-state caps in place on the interest rates that can be levied on consumers through its links to Native American tribes, which operate as sovereign states and are not governed by those caps. million in areas like Texas, California and New York, across 2008 to 2012.

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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

The Light Account has a monthly cap of 3,000 UDIS (investment units), which equals approximately 24,000 Mexican pesos. “Our agreement with Amazon demonstrates the need Mexicans have for more flexible , secure, and inclusive payment alternatives,” Kueski Pay SVP of Sales Lisset May said.

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LendingClub Settles With SEC, DOJ

PYMNTS

Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. By 2012, LendingClub announced it had underwritten $1 billion in loans on its platform and was cash flow positive. Attorney Alex Tse. “We

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Vantiv Brings its Payment and Processing Solutions to the USPS

Fintech Labs Insights

Talking about the agreement, group president of merchant and financial institution services at Vantiv, Royal Cole said that his company’s “highly flexible, scalable, and easily integrated solutions” were ideal for the kind of sizable retail customer base the USPS serves every day.

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Yahoo Fizzles With History’s Biggest Data Breach

PYMNTS

And the curtain call was inevitable — the end has been upon Yahoo since July, when it became public knowledge that Verizon would be buying for ~$4 billion the core assets of a firm whose market cap was once $125 billion. billion in June, one month after LinkedIn notified users of the broader scope of its 2012 breach.

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The Regulatory Future Of Payday Lending

PYMNTS

On the other hand, how those regulations should be written, who should be writing them and how restrictive they should be are all very contentious topics, where board agreement is rare. After all, as they said in ‘The Godfather,’ we are not communists.”.

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