September 20, 2023
Consumer Spending May Not Be as Resilient as Retail Sales...
The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a more than 20-year high —...
September 20, 2023
Hill Hearing Debates Innovation and Credit Access Threat Due to...
Change looms in the banking sector as various agencies have put forth proposals that would, among other things, raise capital requirements, mandate that banks with more than $100 billion in...
September 20, 2023
Stanford Returns FTX’s Millions Following Suit Against SBF Parents
Stanford University reportedly intends to give back millions of dollars given to it by FTX. “We have been in discussions with attorneys for the FTX debtors to recover these gifts...
September 19, 2023
Mastercard Forecasts Higher Holiday Spending
Mastercard is predicting a “rebalancing” in consumer spending for the 2023 holiday season. The company on Tuesday (Sept. 19) announced that its SpendingPulse shows retail sales increasing 3.7% for the period between...
September 19, 2023
FTX Accuses Bankman-Fried’s Parents of Helping ‘Plunder’ Company
A new lawsuit accuses alleged cryptocurrency fraudster Sam Bankman-Fried’s parents of their own malfeasance. The suit, filed Monday (Sept. 18) by the bankrupt crypto exchange FTX, says that Joseph Bankman and Barbara...
September 19, 2023
Finance Super App, Flex, Aims to Streamline Back Office and...
Zaid Rahman, CEO of Flex, told PYMNTS that the traditional channels through which small businesses manage their finances and their operations leave plenty of room for innovation, and for improvement....
September 19, 2023
LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday...
The latest economic data is in, and the Consumer Price Index shows that inflation has picked up to its fastest pace in several months. Amber Carroll, senior vice president of...
September 18, 2023
Millennials Focus on Mental Health as Student Loan Repayments Loom
As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on millennials’ overall well-being, particularly on...
September 18, 2023
Payflow Raises $21 Million to Expand Earned Wage Access
Spanish FinTech Payflow has raised $21 million to expand its on-demand payment offering for employees. “In the current context, this is more than great news, this is transformational for us and...
