News

CFPB
Report: CFPB Wants Time to Review Lawsuit Against Comerica Bank
March 03, 2025

The Consumer Financial Protection Bureau (CFPB) asked a federal judge Monday (March 3) to pause the enforcement action that the agency filed against Comerica Bank in December. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Albertsons Says CEO Vivek Sankaran to Retire May 1
March 03, 2025

Albertsons Companies said Monday (March 3) that CEO Vivek Sankaran will retire May 1 and will be succeeded by Executive Vice President and Chief Operations Officer Susan Morris, effective the same day. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Anthropic Raises $3.5 Billion to Develop Next-Generation AI Systems
March 03, 2025

Anthropic raised $3.5 billion in a Series E funding round to expand its artificial intelligence offerings. 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 daily...

Banking
Capital One and Wells Fargo Rated ‘Outstanding’ in CRA Compliance
March 03, 2025

Capital One and Wells Fargo are among 10 financial institutions rated “outstanding” in the Office of the Comptroller of the Currency’s (OCC) latest list of Community Reinvestment Act (CRA) performance evaluations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
How Back-Office Leaders Are Selling the C-Suite on Risk and Compliance
March 03, 2025

The payments and financial services landscapes remain in flux, and that continues to create opportunities for bad actors. 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...

Regulation
Treasury Department to Limit Enforcement of Corporate Transparency Act
March 03, 2025

The Treasury Department said Sunday (March 2) that it will not enforce the Corporate Transparency Act’s penalties and fines associated with the beneficial ownership information reporting rule. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Private-Label Brands Gain in Popularity as Consumers Prioritize Value
March 03, 2025

In 2024, the grocery industry saw a dramatic shift as private-label brands — store brands not affiliated with national manufacturers — experienced explosive growth, surpassing national brands in both sales and consumer preference. Get the Full Story Complete the form to unlock this article and...

Investments
Ramp Valued at $13 Billion in Secondary Share Sale
March 03, 2025

Financial operations platform Ramp said in a Monday (March 3) press release that the company was valued at $13 billion when new and existing investors purchased Ramp secondaries from employees and investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
FinTech Funding Hits 8-Year Low as VCs Embrace AI
March 03, 2025

When it comes to getting funded, FinTechs are having trouble competing with artificial intelligence. 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 daily newsletter, PYMNTS...