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Quaranstreaming And The Future Of Social Commerce

PYMNTS

Admittedly, they don’t quite have the rhetorical flourish or generally upbeat nature of the original, but perhaps they point to how media streams are evolving now — and will continue to evolve going forward as the coronavirus pandemic changes life as we knew it. Digital Gatherings.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response.

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FinDEVr APIntelligence

Fintech Labs Insights

Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015 , Oct 6-7 in San Francisco. Inc: Why Fintech Is One of the Most Promising Industries of 2015. FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015. Blockchain achieves 4 million bitcoin wallets.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Originally launched in 2015, Qapital has raised $51M in funding to date and gained roughly 420,000 users, who have reportedly saved nearly $500M. Goldman Sachs and BlackRock have both acquired robo-advising startups Honest Dollar and FutureAdvisor, respectively, and Charles Schwab launched its robo-advisor product in 2015.

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How Star Wars Is Propelling The Toy Industry

PYMNTS

Toys with movie tie-ins will continue to contribute to the increase, stemming from those released both in 2015 and 2016. “Star Wars: The Phantom Menace,” the first new Star Wars move since the original trilogy. Star Wars is already at $300 million for the year, compared to $700 million for all of 2015. In the U.S.,

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Is Stitch Fix’s IPO The Latest E-Commerce Dud Or Is Its Styling Algorithm A Game-Changer?

CB Insights

Stitch Fix itself just lowered its planned IPO pricing, from the $18-$20 it originally proposed in its S-1 filing down to $15-$16, according to reports on 11/16. While the company reported net losses of $594K in 2017, it was profitable in 2015 and 2016, with net incomes of $20.9M Steady revenue growth, but rising marketing costs.

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Is It Officially Time To Start Worrying About Consumer Credit?

PYMNTS

That brings the total value of federal loans originated by financial institutions (FFEL) and the DoE in default at $137.4 billion — a 14 percent increase from 2015. More telling, according to market watchers, is how Cap One is explaining the apparent weakness. Department of Education [DoE]), 1.1