Community Activists Submit Letter to Oppose Square’s ILC Application

A group of 37 community groups sent a joint letter to the FDIC opposing the ILC application for the fintech firm Square; they are asking the FDIC to extend the comment period and hold hearing in California about concerns related to the Community Reinvestment Act (CRA); the concern is how will the FDIC handle applying conditions to Square when they won’t have branches outside of Utah; the CRA was enacted in 1977 and is focused on communities close to a specific branch; Square has started to engage communities to address concerns but the groups believe Square needs to do more. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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