The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones after the company received too many deceptive marketing complaints, Reuters reported. Get the Full Story Complete the form to unlock...
The IRS confiscated $1.2 billion in cryptocurrencies in 2021, which was an eightfold increase from the 2020 amount of $137 million, CVBJ.biz reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
British lender Nationwide Building Society said Tuesday (Dec. 21) that inbound and outgoing payments have been delayed all day, and there’s no sign of when the problems will be resolved, BBC News reported. Get the Full Story Complete the form to unlock this article and...
Avadian Credit Union has agreed to buy Citizens State Bank in its home state of Alabama, in a move that marks the 13th time this year a credit union (CU) has acquired a bank. Get the Full Story Complete the form to unlock this article...
After losing to Instacart at the aggregator game, Amazon has pivoted to first-party grocery sales with the rapid expansion of its Fresh brand. On Thursday (Dec. 16), the retail giant opened its tenth Amazon Fresh store in California, the Orange County Register reported. The locations...
Dutch financial services firm ING is leaving behind its French retail banking operations, a decision that may impact 460 workers, according to a Tuesday (Dec. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Technology company Thales, FinTech Fiserv and payments giant Mastercard are rolling out biometric cards across Poland, with Bank Pocztowy being the financial institution to offer the futuristic payment and identification cards to their customers, according to a report by The Paypers Tuesday (Dec. 21). Get...
According to a recent PYMNTS report which examines the latest cross-border retail payments developments, cross-border eCommerce sales are expected to continue soaring next year as COVID-19 lockdowns and the subsequent acceleration of digitization have increased consumers’ comfort level with online overseas transactions. Get the Full...
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