News

Regulation
European Commission Withdraws Draft Rules on Technology Patents, AI Liability and Consumer Privacy
February 12, 2025

The European Commission (EC) will stop pursuing three draft rules that would have regulated technology patents, artificial intelligence (AI) liability and consumer privacy on messaging apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Lays Off Dozens of Employees as Headquarters Remains Closed
February 12, 2025

The Consumer Financial Protection Bureau reportedly sent termination notes to dozens of employees late Tuesday (Feb. 11). 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...

Banking
JPMorgan Chase Begins About 1,000 Layoffs While Continuing to Hire
February 12, 2025

JPMorgan Chase reportedly began a round of layoffs that is expected to affect fewer than 1,000 employees. 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...

Investments
Suger Raises $15 Million to Streamline Cloud Marketplace Sales Process
February 12, 2025

Suger raised $15 million in a Series A funding round to continue its R&D investments and add artificial intelligence (AI)-powered workflows aimed at streamlining the cloud marketplace sales process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
February 12, 2025

Three weeks in, President Donald Trump’s second term has been anything but quiet. 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 Today....

Payment Methods
Zelle Marks $1 Trillion Milestone as P2P Payment Use Jumps
February 12, 2025

Last year appears to have been a landmark one for peer-to-peer (P2P) payment app Zelle. 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...

B2B Payments
Corpay Introduces Multi-Currency Accounts to Help Businesses Manage Cross-Border Payments
February 12, 2025

Corporate payments company Corpay’s Cross-Border business has launched a new solution that enables companies to receive and pay out foreign currencies with an account in their name. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
Trump Names New CFPB Head Amid Regulatory ‘Limbo’
February 12, 2025

President Trump has named a new CFPB director while the agency faces an uncertain future. 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,...

Regulation
White House Weighs Folding FDIC Into Other Agencies
February 12, 2025

The Trump administration is reportedly considering plans to shrink one of America’s banking regulation bodies. 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,...