Square

'What the heck do you think the CFPB was set up for?': Comments of the week

03/07/19

Readers consider Square's bid to become an industrial loan company, weigh the Federal Deposit Insurance Corp.'s oversight of brokered deposits and debate reforms to the Consumer Financial Protection Bureau.

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Case dismissed against Barclays trader; AML reports snare another bank

03/05/19

The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area’s largest bank, handled suspicious transactions.

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'Can't trust these career regulators': Comments of the week

02/28/19

Readers weigh in on Democrats' call for more scrutiny of the BB&T-SunTrust merger, changes to the CFPB's payday lending rule, criticism of Square's ILC application and more.

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BofA’s role in Bramson’s Barclays push; CFPB sees rise in elder fraud

02/28/19

Bank’s involvement and complex financing draw ire of Barclay shareholders; banks report financial deceit by those who know seniors.

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JPMorgan's Dimon: Square innovated where we should have

02/26/19

The CEO of the nation's biggest bank gave the fintech props for revolutionizing payments and then building off its success to provide a whole range of services to small-business clients.

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Community activists oppose Square's ILC bid

02/20/19

More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.

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Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

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Bank regulators are getting serious about innovation

01/29/19

Despite complaints about the slow pace of change within government, policymakers, including agency heads, are increasingly focused on modernizing regulation, an important step forward for the industry.

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Are fintechs better off taking the ILC route to banking?

01/21/19

The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.

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Square's new debit card poses big threat to banks

01/17/19

Square's new card for business owners does something very bold with debit — and very troubling for banks.

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