Citi under investigation by US federal agencies over Russian oligarch ties – Barron’s
Citigroup is facing investigation from a number of US government agencies for its connections to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov.
Future of auto finance tech: 2023’s revolutionary trends
Last year was a whirlwind in the enterprise tech world, specifically in auto finance, marked by significant shifts and unexpected…
Pensions dashboards programme delayed due to digital skills shortage
According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a lack of digitally skills and incapacity.
Exclusive: Ken Garff Automotive Group taps Arivo Acceptance as captive
Auto lender Arivo Acceptance is gearing up to become the captive finance arm of Ken Garff Automotive Group in early…
Inflation dominates conversation after rates remain unchanged
If you were playing an eating or drinking game based on the number of times policymakers and experts referenced inflation on Wednesday in connection with interest rates holding steady, you would likely have a full belly or an upcoming hangover … [Read More]
Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’
Four of the five leaders of the Federal Trade Commission support a proposed a rule to ban what the federal regulator called “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” The commissioner who voted against … [Read More]
Italy’s Qomodo raises €13.5m to bring BNPL to the high street
Qomodo, an Italian startup that helps physical merchants offer their customers BNPL payment options, has raised €13.5 million in Series A funding.
Worldline partners ecolytiq on CO2 footprint calculation service
Payments outfit equensWorldline has joined forces with Berlin-based fintech ecolytiq to help European banks provide their customers with data on their environmental footprints.
Tesla beats estimates with less-drastic drop in vehicle sales
Tesla Inc. reported its second consecutive drop in quarterly deliveries, though Chief Executive Officer Elon Musk took measures to stem…
Standard Chartered invests in ethical finance startup Algbra
Standard Chartered’s venture arm has invested in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. Terms were not disclosed.
RV sales down as dealers de-fleet old models
New retail sales of recreational vehicles are projected to be down by 20% in 2023 as dealers spent much of…
Canadian watchdog fines crypto firm Cryptomus C$177m
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined the operator of crypto platform Cryptomus C$177 million for non-compliance with AML and counter-terrorist financing laws.
CFPB moves to ban medical bills from credit reports
The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports
Robo-advisory firm Betterment reaches unicorn valuation
Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.
Used Fisker EV prices fall 43% in four months
Prices on used Fisker EVs are plummeting faster than the wider used-EV market after news of the EV maker’s June…