#ProjectCatalyst

From @AmerBanker: 

In an effort to foster innovation, the Consumer Financial Protection Bureau is reaching out to work with financial services startups.

The so-called Project Catalyst makes good on the government agency’s promise to use data to track market trends.

The first three companies to be involved in the project are: BillGuard, a New York startup that flags fraudulent charges on its users’ credit cards; Plastyc, a prepaid card provider that targets the underbanked; and branchless-bank Simple(formerly BankSimple).

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