Walmart filed a lawsuit against Synchrony Financial, its credit card issuer for years, contending a breach of contract. The Wall Street Journal, citing the lawsuit filed in the U.S. District Court of the Western District of Arkansas Thursday (November 2), reported Walmart contends some of...
Dell Technologies got slapped with a lawsuit by activist investor Carl Icahn Thursday (Nov. 1) over what the investor contends is a lack of proper disclosure of financial information on the part of Dell. Get the Full Story Complete the form to unlock this article and...
In the latest salvo over awarding national bank charters to FinTechs spanning tech upstarts across online lending and various payments functions, the Conference of State Bank Supervisors (CSBS) filed suit late last week against the Office of the Comptroller of the Currency (OCC) over the...
The Federal Trade Commission (FTC) announced that online student loan refinancer Social Finance (SoFi) has agreed to stop misrepresenting how much money it can save student loan borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Gab, the social network that had a big following among the far right, has been taken offline after GoDaddy, the domain provider, gave it 24 hours to find a new service provider. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A handful of states — most recently Illinois — have changed labor laws and business mileage reimbursement practices. Tracking gas costs, and paying employees for insurance and registration fees, is no easy task if done manually. Danielle Lackey, Motus’ chief legal officer, says technology and the...
Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The U.S. Federal Reserve will consider some deregulation for all but the nation’s largest banks at a board meeting at the end of this month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution to consumers, as well as a $200,000 civil money penalty for violating the Consumer Financial Protection Act (CFPA). Based in Tennessee, Cash Express...