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Negative Equity Among Car Owners Reaches Pre-COVID Rates
Negative Equity Among Car Owners Reaches Pre-COVID Rates
December 17, 2023  |  Consumer Finance

An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last...

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Report: China Steps Up Nationwide Ban on iPhones
Report: China Steps Up Nationwide Ban on iPhones
December 17, 2023  |  Apple

China is reportedly widening its ban on the use of Apple’s iPhone by government employees. According to a Friday (Dec. 15) report by Bloomberg News, an increasing...

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Amex and Bank of America Report Rising Card Delinquencies
Amex and Bank of America Report Rising Card Delinquencies
December 17, 2023  |  Credit Cards

Both American Express and Bank of America saw credit card delinquencies climb last month. According to a recent Securities and Exchange Commission filing, American Express’ delinquency rate rose from 1.3%...

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Visa Acquires Majority Stake in Prosa to Boost Digital Payments in Mexico
Visa Acquires Majority Stake in Prosa to Boost Digital Payments in Mexico
December 17, 2023  |  Digital Payments

Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa...

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DocuSign Declines to Comment on Reported Exploration of Sale 
DocuSign Declines to Comment on Reported Exploration of Sale 
December 15, 2023  |  Acquisitions

DocuSign, an eSignature company, has declined to comment on a media report that it is considering a potential sale.  Reached by PYMNTS on Friday (Dec....

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SEC Denies Petition for New Crypto Rules; Coinbase Seeks Judicial Review 
SEC Denies Petition for New Crypto Rules; Coinbase Seeks Judicial Review 
December 15, 2023  |  Cryptocurrency

Cryptocurrency exchange Coinbase plans to seek a judicial review of a decision by the Securities and Exchange Commission (SEC) to deny its petition for new rules in the digital...

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Qogita Secures $87 Million to Grow Wholesale Procurement Platform 
Qogita Secures $87 Million to Grow Wholesale Procurement Platform 
December 15, 2023  |  Investments

London-based startup Qogita has reportedly secured 80 million euros ($87.3 million) in a Series B round for its wholesale procurement platform for small- to medium-sized businesses...

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Opendoor Co-Founder Eric Wu to Resign Current Roles Jan. 1
Opendoor Co-Founder Eric Wu to Resign Current Roles Jan. 1
December 15, 2023  |  Personnel

Opendoor Co-founder Eric Wu will resign from the company effective Jan. 1. Wu will leave his roles as president of marketplace and a member of...

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H&M Steers Upmarket to Pull Away From Shein
H&M Steers Upmarket to Pull Away From Shein
December 15, 2023  |  Retail

Fashion retailer H&M is reportedly making strategic moves to attract more aspirational shoppers and differentiate itself from fast-fashion giant Shein. With Shein’s rapid growth and...

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