Huawei, the Chinese telecom company that landed on a blacklist in the U.S., has filed a motion in U.S. court aiming to get it tossed out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Stephen Calk, the founder of the Federal Savings Bank of Chicago, a mortgage lender and a former economic adviser to President Trump’s 2016 campaign, has been charged with bribing Paul Manafort, Trump’s former campaign chairman. Get the Full Story Complete the form to unlock this...
Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday (May 22), according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Get...
Amazon has won a lengthy fight against eight Latin American countries for the provisional ability to use the .amazon domain name, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Lyft’s stock inched lower in trading Monday (May 20) after investors filed a class action lawsuit against the ride-hailing startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt Collection Practices Act. Get the Full Story Complete the form to unlock this article and...
As the Consumer Financial Protection Bureau (CFPB) wades through the public comments about rules regarding payday lending, The Pew Charitable Trusts has weighed it with its own letter, this one urging the federal agency to reconsider the path its own. The letter is the latest...
The battle over payday lending — specifically, how tough U.S. federal rule will be in governing the industry — is heating up as an important deadline looms. Letters favorable to the payday lending industry reportedly are flooding in to authorities before the May 15 cutoff for public...
