Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will be there for the members of the FinTech IPO Index, who are depending on some of those macro trends to...
Dollar General appointed current board member and former CEO Todd Vasos as its new CEO, effective Thursday (Oct. 12). Vasos will remain a member of the board of directors, a role he has held since 2015, while returning to lead the company “for the foreseeable future,” Dollar General...
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in savings of about $30 million to $35 million compared to the second quarter, the digital marketplace bank said in a...
Papaya Global, a leading provider of global workforce management solutions, has introduced a new tool for cross-border payments. The company’s Workforce Wallet allows employers to make global direct deposits easily and efficiently from one centralized place, according to a Thursday (Oct. 12) blog post. This solution...
India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an Oct. 12 (Thursday) statement. The 53.9 million rupees ($647,762.58) penalty comes as a result of Paytm Payments Bank’s failure to...
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act. The actions focus on TransUnion’s rental screening subsidiary, TransUnion Rental Screening Solutions, which the regulators said failed to ensure the...
London-based luxury resale platform Sign of the Times, has recently received new investment from industry leaders, including BrandAlley and Sweaty Betty founder Tamara Hill-Norton. This investment round will enable Sign of the Times to expand its operations in the second-hand market. The partnership with BrandAlley will involve a...
On the surface, cryptocurrency and artificial intelligence (AI) don’t have much in common. But there is a quiet connection between the firm responsible for possibly the greatest — allegedly criminal — failures of yesteryear’s hyped up technology, crypto, and the startup darling of the current...
Overall, the tide may be turning away from direct to consumer (D2C) toward brick-and-mortar, but shoppers continue to demand digital convenience when it comes to highly personalized items — a trend that is benefitting eyewear brand Pair Eyewear. The company announced Tuesday (Oct. 10) that...
