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Weekly Update

TFU | Nov. 18 – 24

Dear readers, we will be off next week in celebration of Thanksgiving in the U.S. (read: we expect to be in a four-day turkey-induced food coma). To those of you in the U.S., warmest wishes for a happy Thanksgiving!; and to everyone, best wishes for a good week ahead. We’ll return on December 9th. Best, […]

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Weekly Update

TFU | Nov. 11 – 17

Leading Off Google will begin offering checking accounts to users through a partnership with Citi and a Stanford University credit union; Facebook announced its new Facebook Pay P2P payments service; FinCEN Director Kenneth Blanco discussed the applicability of the “travel rule” to crypto firms; the Fed highlighted the risks posed by stablecoins in its November […]

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Weekly Update

TFU |Nov. 4-10

FTC Commissioner Rohit Chopra encouraged the Fed on its proposed FedNow Service; the NYDFS is investigating Apple Card’s algorithms for gender discrimination; a glitch gave some Robinhood users access to “infinite leverage”; Nasdaq implemented AI monitoring; Ireland’s DPC is investigating Revolut over concerns about its new privacy policy; and Vanity Fair explored the robbery of an Icelandic Bitcoin mining facility.

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Weekly Update

TFU | Oct. 28 – Nov. 3

The SEC delivered a no-action letter to Paxos concerning its blockchain-based stock settlement platform; Uber launched a new division aimed at developing new financial products for its drivers; Telegram is moving forward with its crypto wallet, despite a pending SEC lawsuit; David Marcus talked up Libra at Money20/20; Bakkt is getting into consumer products with a partnership with Starbucks; and former Deputy Comptroller Jo Ann Barefoot launched a new venture aimed at modernizing financial regulation.