June 15, 2022
Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof yet that record high fuel...
June 10, 2022
PYMNTS AM Radar: Credit Card Debt; Payments Innovation; BNPL Loyalty;...
Today is Friday, June 10, and banks are happy that people are finally using credit cards again and letting the balances rack up interest. But with record-high inflation, gas at...
June 03, 2022
Today in FinTech: NY AG Cautions Against Crypto; Wells Fargo...
In today’s FinTech news, the attorney general of New York has handed down a warning to investors about the potential dangers of investing in cryptocurrency, while Wells Fargo eyes a...
June 03, 2022
PYMNTS AM Radar: Crypto Alarm; Personal Touch; Wells Fargo Slapped;...
Today is Friday, June 3 and if you were up early enough, all five naked-eye planets — Mercury, Venus, Mars, Jupiter and Saturn — were visible in a row in...
June 03, 2022
Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal...
June 02, 2022
EU Supervisors Seek More Power to Strip Licenses for AML...
The European Supervisory Authorities (ESAs) published a joint report on Thursday (June 1) advocating for the introduction in all relevant EU sectoral laws of a specific legal ground to revoke...
June 01, 2022
Sen. Sherrod Brown Criticizes Wells Fargo’s ‘Unacceptable’ Behavior
Sen. Sherrod Brown, the chairman of the Senate Banking Committee, said in a letter to Wells Fargo CEO Charles Scharf that the bank has failed to repair its government and...
May 26, 2022
Credit Card Apps Ranking Leader Ups Its Score to 100
After taking a hard look at publicly available information plus app usage data to which we have access, PYMNTS assigns a score to each app. This is done each month,...
May 24, 2022
Banking Platform Synapse Launches Global Cash for FinTechs
Synapse, the global banking-as-a-service (BaaS) platform, has rolled out a new cash management account product, a press release said Tuesday (May 24). Called Global Cash, it will let residents in...
