The end might be near for the Synapse bankruptcy case. Jelena McWilliams, the court-appointed Chapter 11 trustee has formally requested the U.S. Bankruptcy Court for the Central District of California to convert the Chapter 11 case to Chapter 7 or, alternatively, dismiss it. The motion...
Two days after being confirmed to be the Federal Reserve’s vice chair for supervision, Michelle Bowman said she aims to “refocus supervisory and regulatory efforts on the core financial risks most critical to maintaining a healthy and resilient banking system.” Get the Full Story Complete...
The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Illinois state legislature voted Sunday (June 1) to delay the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions of credit and debit card transactions. Get the Full Story Complete the form to unlock this...
It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection Bureau (CFPB) — remains in limbo. Get the Full Story Complete the form to unlock...
Despite an ongoing legal battle, the U.S. Commerce secretary said tariffs are here to stay. 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,...
Regulators are reportedly preparing to loosen banking restrictions imposed following the 2008 financial crisis. 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...
Google and the Department of Justice are set to present their closing arguments Friday (May 30) in an antitrust case that could force the tech giant to sell its Chrome browser, stop paying Apple to be its default search engine and share data with competitors....
The Trump administration reportedly asked the U.S. Court of Appeals to overturn a Wednesday (May 29) court ruling that largely blocked its tariffs and will take the case to the U.S. Supreme Court if the appeals court does not do so. Get the Full Story...