TOKYO—Softbank and Yahoo Japan have formed a new joint venture, PayPay, to launch a QR-based smartphone payment services in Japan by November.
Fresh Today
WASHINGTON–While credit unions take measure of what the decision by the OCC to begin issuing special-purpose national bank charters to fintechs might mean to the marketplace, one analyst says there are plenty of questions to be answered on the fintech side, as well.
WASHINGTON—A new analysis released by The Pew Research Trusts suggests U.S. regulators could learn from their international counterparts to create a more coordinated approach to encouraging innovation and one that reduces regulatory ambiguity and protects consumers.
CALGARY, Alberta–Connect First Credit Union is continuing its expansion by adding another credit union as a locally branded division.
WASHINGTON—The Federal Trade Commission has charged a group of four auto dealers operating in Arizona and New Mexico, near the border of the Navajo Nation, with a range of illegal activities, including falsifying consumers’ income and down payment information on vehicle financing applications and misrepresenting important financial terms in vehicle advertisements.
AURORA, Ill.–A lawsuit against Aurora Policemen Credit Union alleging its website violated the Americans with Disabilities Act (ADA) has been dismissed by the U.S. District Court for the Northern District of Illinois.
MADISON, Wis.–Following an 18-month test of five different types of financial products aimed specifically at meeting the needs of minority households over the past 18 months, the Filene Research Institute has released a new report on its “Reaching Minority Households Incubator.”
WASHINGTON—The Bureau of Consumer Financial Protection is being asked to expand its payday lending rule exemptions at the same time NCUA is considering proposed rulemaking to enhance its payday alternative loans (PALs) program.
WASHINGTON—The Federal Reserve's second-quarter senior loan officer survey showed that banks reported less of a demand for auto, credit card and most categories of residential real estate loans overall, but a stronger demand for commercial and industrial loans by small firms.
ALBANY, N.Y.—The New York State Department of Financial Services (DFS) said it is opposed to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters.