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Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over ‘True Lender’ Regulation

Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over ‘True Lender’ Regulation
Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over...
January 06, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, the Office of the Comptroller of Currency (OCC) has OK’d independent node verification networks (INVNs) and stablecoins for...

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Amazon Creates $2 Billion Housing Fund Targeting Its Top Locations
Amazon Creates $2 Billion Housing Fund Targeting Its Top Locations
January 06, 2021  |  Amazon

Amazon has launched a new Housing Equity Fund, bankrolled by more than $2 billion, “to preserve and create 20,000 affordable housing units” in areas the...

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Several US States Sue Banking Regulator Over ‘True Lender’ Rule
Several US States Sue Banking Regulator Over ‘True Lender’ Rule
January 06, 2021  |  Loans

Washington D.C. joined seven states in suing a bank regulator over a rule they fear could encourage predatory lending by stopping them from leveling state...

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Chinese Government Asks Ant Group To Share Consumer Data
Chinese Government Asks Ant Group To Share Consumer Data
January 06, 2021  |  International

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group, which he’s largely resisted doing for years, The Wall Street...

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Opportunity Fund Teams With CUs For SMB Lending Campaign
Opportunity Fund Teams With CUs For SMB Lending Campaign
January 05, 2021  |  B2B Payments

Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1...

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RAKBANK Renews Collaboration With Invoice Bazaar To Help SMBs
RAKBANK Renews Collaboration With Invoice Bazaar To Help SMBs
January 04, 2021  |  B2B Payments

The National Bank of Ras Al Khaimah (RAKBANK) has renewed its collaboration with Dubai-based FinTech Invoice Bazaar, according to a Monday (Jan. 4) announcement emailed...

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Finance Factory Debuts Automated Credit Review Platform
Finance Factory Debuts Automated Credit Review Platform
January 03, 2021  |  B2B Payments

Finance Factory has rolled out its new automated credit review platform, which will be able to analyze 27 data points quickly and determine a borrower’s...

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New SMB Stimulus Package Could Again Be Vulnerable To Fraud
New SMB Stimulus Package Could Again Be Vulnerable To Fraud
December 30, 2020  |  Security & Fraud

Although the $900 billion COVID-19 relief package passed by the White House this week includes $284 billion for small and mid-size businesses (SMBs), there are...

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Lendio Reintroduces Digital PPP Loan Application For SMBs
Lendio Reintroduces Digital PPP Loan Application For SMBs
December 29, 2020  |  B2B Payments

To speed up the approval process for small firms when the Paycheck Protection Program (PPP) opens once more, Lendio said it has rolled out its...

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