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Wednesday Express: Goldman, Apple credit card rolls out; 2 Texas banks in deal


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Wednesday Express: Goldman, Apple credit card rolls out; 2 Texas banks in deal

* Confirming a recent media report, Goldman Sachs Group and Apple's much-awaited credit card launched Aug. 6, Reuters reports. The card's design and software interface is said to have been handled by Apple, while Goldman Sachs has taken care of the underlying infrastructure, payment dispute management and transaction data, among other things.

* Cryptocurrency lending startup BlockFi raised $18.3 million in a series A funding led by venture capital firm Valar Ventures.

* In Texas, Happy State Bank agreed to purchase and assume operations of First State Bank of Mobeetie in a transaction expected to close in the fourth quarter.

* San Francisco-based digital lender LendingClub's newly launched Select Plus Platform will expand the online lender's customer base, as well as provide more efficient marketing and less risk, CEO Scott Sanborn said.

* A federal judge ruled that cryptocurrency exchange Coinbase must face a negligence lawsuit over the alleged mismanaged launch of its digital currency bitcoin cash, Bloomberg News reported.

* The U.S. Equal Employment Opportunity Commission in Fresno, Calif., filed a lawsuit against Tucoemas Federal Credit Union over alleged violation of federal sex and age discrimination laws, CUInsight reported.

* Federal Reserve Bank of St. Louis President James Bullard is not ruling out more interest cuts from the central bank but believes the Federal Reserve should take a step back and evaluate the effect of its change in policy on the overall economy.

* Metlife's unit, Metropolitan Life Insurance, will pay $80 million to settle the Environmental Protection Agency's claims of costs related to a site cleanup and resolve a lawsuit over its fiduciary duties under the Employee Retirement Income Security Act.

* Brighthouse Financial's balance sheet is "well protected" against a low-interest rate environment, President and CEO Eric Steigerwalt said during an earnings call.

* Property and casualty insurers AXIS Capital Holdings, American International Group and AXA XL hold the largest gross exposure to the recent Capital One Financial data breach, The Insurance Insider reports.

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