December 16, 2024
Big Lots Exec Says Mobile and Digital Become On-Ramp for...
Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. In...
December 11, 2024
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the U.S. Financial Stability Oversight Council...
December 10, 2024
Lord & Taylor to Return as eCommerce Site
Regal Brands Global reportedly plans to relaunch department store brand Lord & Taylor as a discount luxury eCommerce platform. The new online-only store will be introduced in 2025 and will...
December 10, 2024
Report: Walgreens Discusses Sale to Private Equity Firm Sycamore Partners
Walgreens Boots Alliance and Sycamore Partners are reportedly discussing a deal that would see Walgreens sold to the private equity firm. A deal could be completed early next year, although...
December 10, 2024
Three Things to Watch as FDIC Tightens Up on FinTech
Several watchdogs and agencies are sharpening their gaze on FinTechs, specifically bank-FinTech relationships and the risks tied to those partnerships. In July, the Board of Governors of the Federal Reserve...
December 05, 2024
CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies had violated the Telemarketing Sales...
December 05, 2024
Restaurant Bankruptcies Reportedly at Highest Level Since Pandemic
Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen...
December 05, 2024
Report: FDIC Ramps Up FinTech Scrutiny
The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect the banks. This tracking system...
December 03, 2024
FDIC Pushes for Transparency in Bank-FinTech Partnerships
As banks link with FinTechs, as new financial services are forged, with consumer-facing apps and digital channels in the mix, there’s still a need for robust record-keeping and reconciliation. Regulators...