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Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

3 Chicago men charged with odometer & title fraud

The Justice Department described another notable fraud incident this week that could have permeated through the wholesale, retail and finance spaces. A federal grand jury in Chicago returned an indictment, which was unsealed on Wednesday, charging three Illinois men with … [Read More]

ARA changes leadership with new president & executive director

The American Recovery Association (ARA) closed the first half of 2022 with significant changes in leadership, naming a new president and executive director. Stepping away from those respective roles, Dave Kennedy and Les McCook have handed the ARA leadership responsibilities … [Read More]

Toyota, Honda brace for impact after Trump auto tariffs, stronger yen

Toyota Motor Corp. and Honda Motor Co. earnings will paint a mixed picture as a stronger yen and US auto…

Informed.IQ raises $63m for AI-powered fraud prevention and loan verification

AI-powered loan verification and fraud prevention platform Informed.IQ has secured $63 million in growth equity investment from Invictus Growth Partners.

Nasdaq Private Market raises $62.6 million

Nasdaq Private Market (NPM) has closed a $62.6 million Series B funding round with support from a host of top banks.

Auto rejection rates drop to 6.7% in June (Big Wheels)

Auto loan applicants were rejected less often in June amid declining auto loan application rates and an increasing share of…

African fintech M-Kopa raises $250 million

African fintech M-Kopa has closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa.

Jeremy Hunt dismisses AI warnings and insists UK leads the AI race

Chancellor Jeremy Hunt waved away concerns on rapid AI development at a Politico event in London on Wednesday, and insisted that the UK needs to step up in the global AI race.

Tracking Bitcoin’s highs and lows

The volatile nature of bitcoin trading has been brought into the spotlight by recent sharp rises and falls in the cryptocurrency after Mark Zuckerberg’s grilling in Congress was countered by positive sentiment from China about blockchain and a future central-bank backed currency.