The premise behind Operation Choke Point, a joint initiative between the DoJ, FDIC and CFPB, was direct enough when it launched in early 2013. Instead of going directly after certain suspect industries – such as short-term lenders, pornographers, ammunition dealers, escort services or online gambling...
In a story last week, PYMNTS reported that Chinese merchants were cooling to PayPal after the U.S. based payments company froze or, in some cases, deducted funds from local accounts in response to an order from a U.S. judge. Get the Full Story Complete the...
Is Google waging a war on Uber? Early signs say yes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
To read more of our earnings coverage, check out our earnings wrap up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
On Jan. 22, 1984, Apple ran a commercial during the third quarter of the Super Bowl that helped define its brand, teasing to the release of the Apple Computer Macintosh that ended by saying “you’ll see why 1984 won’t seem like 1984.” Get the Full Story Complete...
There are no shortage of divisive topics when it comes to finance and lending. But there are some special areas that manage to attract passionate debate among intelligent people that doesn’t merely divide debaters into two camps – but instead maybe three or four. Get...
While American Express posted relatively solid fourth-quarter earnings — beating analysts’ expectations — the positives for the company were overshadowed by the announcement that it would cut 4,000 jobs this year and an after-hours trading hit which saw shares drop 2 percent. Get the Full Story...
Malls are not exactly the healthiest of shopping species in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
The Supreme Court on Monday turned away the retailers’ challenge to the Federal Reserve’s regulation implementing the interchange-cap and network-exclusivity rules adopted in the Durbin Amendment to Dodd-Frank. The case was closely watched, because the trial judge held the Federal Reserve regulation invalid and ordered...
