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Robins Financial Credit Union is acquiring the $430 million-asset Persons Banking Co. The deal, announced Monday, comes less than a week after Georgia’s Own Credit Union in Atlanta said it is buying Vinings Bank in Smyrna.
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With the buy now/pay later market cooling and regulatory scrutiny increasing, Zip aims to rapidly scale with merchants and consumers.
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The New York bank said it called off the acquisition of Amalgamated Bank of Chicago because it has been unable to obtain regulatory approval. But the seller expressed hope that the deal could still move forward.
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CFPB Director Rohit Chopra said the bureau is concerned that the spike in car prices, due partly to the global chip shortage, could create incentives for servicers to illegally seize vehicles for their resale value.
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While most banks are afraid to touch cannabis business until federal regulations are put in place, some are turning to fintech to automate compliance until then.
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With tensions high between Russia and the West, Synechron is looking to develop a real-time kill switch that can shut down a malware threat. The company’s PayTech Accelerator is also focusing on the opportunity for banks in buy now/pay later lending.















