News

Retail
H&M Group to Leave Russia After Temporary Store Reopening in August
July 18, 2022

H&M Group is “winding down the business” in Russia after pausing sales in the region in early March following the country’s attacks on Ukraine, according to a Monday (July 18) press release. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Funds Eye $1T in Fresh Capital Despite Market Uncertainty
July 18, 2022

Private-equity firms are on the hunt for funding, turning up the competition during market and economic uncertainty and an overall lean time for new deals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Macy’s to Bring Toys R Us to All Stores
July 18, 2022

Buoyed by a successful relaunch of nostalgic toy store brand Toys R Us online in the past year, Macy’s said Monday (July 18) it is bringing Toys R Us to every U.S. store this holiday season, starting in late July and rolling out through mid-October,...

Banking
TD Bank on Meeting SMBs’ Digital Needs
July 18, 2022

In "The Next-Gen Commercial Banking Tracker®," TD Bank's Paul Margarites tells PYMNTS how banks offer SMBs post-COVID upgrades like real-time payments and cash management solutions as a way to turn short-term survival into long-term loyalty.

B2B Payments
Voice of the CFO: Finance Leaders Balance Spend With Remote Employees’ Needs
July 18, 2022

Like many chief financial officers, Matt Wolf, CFO at ChartHop, spends a lot of his time connecting with other people working remotely. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
Banks Tell CFPB No Card Late Fee Data Unless Rulemaking Deadline Extended
July 18, 2022

The Consumer Financial Protection Bureau (CFPB) may need to extend the deadline to submit comments on its Advance Notice of Proposed Rulemaking (ANPR) about credit card late fees if it wants to have meaningful feedback from stakeholders.  Get the Full Story Complete the form to...

Fintech Investments
Once-Hot FinTech Sector Loses Half a Trillion in Valuation
July 18, 2022

The once-hot FinTech space is in the midst of a big chill, shedding half a trillion in valuation as the cumulative value of shares of newly-listed firms in the sector dropped $156 billion so far this year. Get the Full Story Complete the form to...

B2B Payments
PagoNxt CEO: Blurring of Bank, FinTech Lines Will Drive EU Payments Growth
July 18, 2022

If there was ever a time traditional banks have felt the intense pressure to abandon legacy infrastructure and embrace digital innovation, it has been in the wake of the pandemic, as consumers’ and merchants’ desire for seamless, faster and innovative solutions gave newer, more modern...

Regulation
Crypto Crash Puts Spotlight on SEC’s Gensler
July 17, 2022

Senator Elizabeth Warren (D-Mass.) has said the Securities and Exchange Commission should act on the turmoil in the crypto world, with crypto platforms going bankrupt and investors not able to take funds out from some of them. Get the Full Story Complete the form to...