Bank of America will reportedly pay $540.3 million following a judge’s ruling in a lawsuit in which the Federal Deposit Insurance Corp. (FDIC) accused the bank of paying less than it owed for deposit insurance. Get the Full Story Complete the form to unlock this...
The New York State Attorney General sued earned wage access providers DailyPay and MoneyLion on Monday (April 14), accusing them of illegal and deceptive conduct and abusive lending practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Trade Commission began laying out its landmark antitrust case against Meta Platforms in federal district court in Washington Monday (April 14), with FTC attorney Daniel Matheson telling the judge Meta “decided that competition was too hard and it would be easier to buy...
The Trump administration’s justification for its tariffs is being challenged by a lawsuit filed in the U.S. Court of International Trade on behalf of five small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena McWilliams filed a status report with the Central California Bankruptcy Court that laid the ground for dismissal or conversion of...
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Comerica Bank that targeted the bank’s handling of a federal benefits program, alleging that it provided poor service to the recipients of benefits. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau (CFPB) said Friday (April 11) that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or local government or court orders. Get the Full...
The Commodity Futures Trading Commission (CFTC) released an interpretive letter providing views on certain foreign exchange (FX) transactions. 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...
President Donald Trump increased the previously announced tariffs on low-value packages from China after that country retaliated against the U.S. by boosting its tariffs on U.S. goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...