September 10, 2023
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District Judge Jennifer L. Rochon and...
September 08, 2023
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account...
The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing cash flows with their monthly...
September 08, 2023
Large National Banks Hold the Advantage When Main Street SMBs...
Access to business financing is crucial for Main Street small and medium-sized businesses (SMBs). But while a significant share of these small businesses across all revenue tiers have access to...
September 07, 2023
Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’
Real-time payments schemes are proliferating around the globe. Getting them to work in sync and breaking down the silos that exist between countries will be key to helping faster payments...
September 03, 2023
DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake...
Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation into her bank’s practice of opening...
September 03, 2023
FTC OKs Amgen’s $27.8 Billion Acquisition of Horizon Therapeutics
Amgen has received the go-ahead to continue its acquisition of Horizon Therapeutics with a $27.8 billion deal, but the U.S. Federal Trade Commission (FTC) has put forth a settlement that...
August 25, 2023
Shoppable Content Is Complicated; Its Future Shouldn’t Be
One of the more compelling stories to come out of the pandemic was the idea of shoppable content. The hyper-convenient purchase moment and context of shoppable content, along with its...
August 24, 2023
Prudential Supervisors Should Embrace Better Technology to Help Prevent Bank...
Much has been made of the 2023 failures of Silicon Valley Bank, Signature Bank, and First Republic Bank. There is a clear consensus that management of those regional banks was...
August 17, 2023
Venmo Takes Top Spot, Chime Follows in Credit Card App...
Embracing the ever-evolving terrain of credit card apps, the PYMNTS Provider Ranking of Credit Card Apps stands as your steadfast guide, revealing the ascent of frontrunners and the fluctuations of contenders. As...
