FIS to integrate with Circle for USDC payments
Global banking technology vendor FIS has teamed with stablecoin issuer Circle to give financial institutions the ability to transact in USDC.
FTC declines to extend comment period for proposal banning ‘junk fees’
The Federal Trade Commission said on Tuesday that the regulator has declined to extend the public comment period for its proposed rule that would ban “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” Despite … [Read More]
JPMorgan ponders legal action over Zelle probe
JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.
Tricolor bond prices drop following Chapter 7 filing
Tricolor’s bond prices plummeted in the days following the subprime lender’s Chapter 7 bankruptcy filing, with little recovery since then…
Sustainable Finance Live: Is sustainable finance sustainable?
Sustainable Finance Live kicked off Tuesday morning in a hybrid format, in-person and online, where leaders discussed the problem statements and solutions that are defining the sustainable finance industry today.
Where are US stocks headed? Here are the key levels to watch
The rout in the US stock market has brought the S&P 500 Index to a crucial inflection point, and chart…
Auto Finance News announces aftermarket products webinar
Auto Finance News is pleased to offer the free webinar “Tapping Aftermarket Products to Improve Dealer Relations and Profitability” on…
American Honda launches insurance subsidiary
American Honda Motor Co. is the latest automaker to roll out insurance offerings as manufacturers look to allow customers to…
Dutch central bank fines bunq over AML shortcomings
The Dutch central bank has fined digital lender bunq €2.6 million for “serious deficiencies” in its anti-money laundering controls.
Chase is the first bank in all lower 48 US states, what next?
Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.
Hong Kong set to approve first crypto ETF
Hong Kong’s financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.
Big Wheels: Auto outstandings climb 1.8% year over year
Auto outstandings increased sequentially and year over year in the second quarter. Second-quarter auto outstandings totaled more than $1.5 trillion,…
FTC goes to Congress seeking additional $160M in annual funding
The Federal Trade Commission (FTC) wants a larger operating budget and more personnel, and chair Lina Khan made her case last week during a hearing hosted by the Subcommittee on Financial Services and General Government that’s part of U.S. House … [Read More]
OneMain makes ‘tuck-in acquisition’ of Foursight
As the industry was getting set to celebrate Thanksgiving last week, OneMain Holdings and Jefferies Financial Group reached a definitive agreement under which OneMain will acquire Foursight Capital from Jefferies for $115 million in cash. OneMain chairman and CEO Doug … [Read More]
UK Treasury Committee says shops might have to be forced to accept cash in the future
The UK’s Treasury Committee has floated the idea of introducing legislation to force shops to accept cash in the future, warning that a lack of action from the Government to tackle declining cash acceptance could lead to a two-tier society with the most vulnerable bearing the cost.