April 22, 2024
Can Companies Automate Away America’s Growing Accountant Shortage?
When it comes to choosing a career in accounting, the numbers no longer add up. That’s because, from corporate finance departments to CPA (certified public accountant) prep courses, finance functions across America are suffering...
April 22, 2024
Rapid FinTech Growth Adds Risk to Inbound Account Funding
The quick growth of neobanks and FinTechs has put an increased emphasis on secure money movement. Ingo Payments CEO Drew Edwards details the challenges in money movement and their solutions...
April 21, 2024
EU to Decide on KKR’s Telecom Italia Buyout by May...
U.S. investment firm KKR’s bid to acquire Telecom Italia’s fixed-line access network is now in the hands of European Union antitrust regulators. According to a filing from the European Commission...
April 19, 2024
Regions Bank Struggles With Expenses; Bullish on Consumer
Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s results were driven by higher expenses...
April 19, 2024
The Juggling Act That Can Cost Middle-Market Firms $10 Million
This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to that of a juggler. “Juggling...
April 18, 2024
Congress Advances Earned Wage Access Bill as Popularity Grows
When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA) that is coming on the...
April 18, 2024
Wagestream Raises $21.8 Million to Expand Financial Well-Being App
Wagestream, a financial well-being app focused on frontline workers, has raised 17.5 million pounds (about $21.8 million) in a funding round. That total includes an investment of 7 million pounds...
April 18, 2024
Credit Card Late Fee Cap Has Winding Path Ahead In...
Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit card late fees as soon...
April 18, 2024
House GOP Targets Shadow Bank Regulations
A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday (April 17) that would yank the approval of the Financial Stability...
