The Daily Dig for Wednesday, July 2

Full steam ahead into the holiday, today’s Daily Dig has news on new crowdfunding laws good and bad, innovative financial solutions and a record for a beloved children’s show.

 

Successful Indiegogo campaign frozen out by PayPal

With no apparent advance warning, PayPal has halted ProtonMail’s ability to send and receive funds through its service.  While they admit the $275,000 they garnered in only a few weeks is a large amount, ProtonMail officials point to more successful campaigns and wonder why they were singled out, writes Jonathan Keane.

Why some Americans choose to be unbanked

An assortment of fees and other inconveniences make opening and maintaining a bank account a pain for many Americans, explains Thomas Miller.

Reading Rainbow reaches record heights

LeVar Burton’s campaign has attracted the support of more than 92,000 people, shattering the previous Kickstarter record.  Keith Wagstaff has the details.

Indiana crowdfunding rules announced

A $5,000 per person limit and $2 million corporate caps are two of the provisions for crowdfunding in the fine state of Indiana.  Dan Human has more.

SEC jeopardizing intrastate crowdfunding

Recent moves make it seem the SEC is trying to kill crowdfunding through the backdoor, by allowing it on one hand but gutting its functionality on the other.  Samuel Guzik explains.

Things you may not know when starting a crowdfunding campaign

Getting angel investors interested may be hard enough, but compared to getting the first one to bite it’s a snap, says Nicole Fallon.

Awards presented to initiatives benefiting people with low incomes

Past Bankless Times profiled company eMoneyPool won a $100,000 award for innovations that benefit Americans with low incomes.  Other participating companies are adopting creative solutions to old problems.  Read more here.

UK hedge fund king battling the banking system

Marshall Wace is a $17 billion hedge fund that is getting involved in P2P.  In doing so, it is taking on the big banks, reports Giles Turner.

Two-faced federal regulators sending confusing message to public and the banks

Insistence on living wills but lack of response to submissions leaves big banks wondering where they stand with regulators and the public justified in wondering if those regulators even care, report Jesse Hamilton and Zachary Tracer.

Banks suing Massachusetts over strong housing regulations

Big banks mortgage and lending practices caused the recession yet they are suing towns who are trying to make sure there’s no repeat, reports Priyanka McCluskey.

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