News

CFPB
CFPB Warns Student Loan Servicers About Public Service Forgiveness
February 18, 2022

The Consumer Financial Protection Bureau (CFPB) has issued a bulletin warning student loan servicers that they could face sanctions if they mislead borrowers about loan forgiveness programs tied to public service, according to a Friday (Feb. 18) press release. Get the Full Story Complete the...

Payments Innovation
Revolut Launches UK Payroll Service
February 18, 2022

Online bank Revolut has launched a new payroll management service in the United Kingdom, the company announced. 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...

Faster Payments
ProducePay Unveils Faster Payments for Produce Growers
February 18, 2022

ProducePay, which offers a marketplace to connect produce growers with capital and data, has unveiled a product called Quick-Pay+ that it said will offer growers access to pre-vetted customers and improved cash flow, according to a Friday (Feb. 18) press release. Get the Full Story...

International
Ukraine Parliament Updates Law on Virtual Assets
February 18, 2022

Ukrainian parliamentary body Verkhovna Rada supported the amendments of the Ukraine President Volodymyr Zelenskyy to the country’s law on virtual assets, creating a legal market for cryptocurrency and other virtual assets in the nation, according to a press release Thursday (Feb. 17). Get the Full...

Digital Banking
Neobank Weekly: Atom Bank Contracts With Insurance Firm Gallagher
February 18, 2022

United Kingdom-based Atom Bank signed a deal with Gallagher, the insurance firm also based in the U.K., to provide the businesses with insurance and risk management advice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
EMEA Daily: Crypto Products Less Regulated in UK Than in US, EU Brings Legal Fight to...
February 18, 2022

In today’s top Europe, Middle East, and Africa news, cryptocurrency lenders face less regulation in the U.K. than in the U.S., and the European Union accused China of preventing European tech firms from defending their patents in court. Get the Full Story Complete the form...

Retail
Hermes Slumps on Handbag Supply-Demand Imbalance
February 18, 2022

Paris-based luxury accessory producer Hermes struggled to meet customer demand during the 2021 holiday period, Reuters reported Friday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Loyalty & Rewards
PYMNTS Data: Loyalty Programs Best Way to Get Diners to Spend More
February 18, 2022

Most restaurants now offer consumers the ability to be rewarded for their spending, according to data from PYMNTS’ new Restaurant Friction Index, created in collaboration with Paytronix. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Today in Retail: Footwear reCommerce Still Struggling to Catch On; At Home Opens 6 New...
February 18, 2022

Today in retail, consumers aren’t always aware of the digital features their favorite retailers offer, while Tanger reports shoppers are returning to outlets and retailers are sticking around longer. Plus, Walmart continues its push into omnichannel retail even after sluggish growth for eCommerce segment in...