In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has become what the newswire calls a “risky supplement” to other loan activity. Get the Full Story Complete the form to unlock...
The Consumer Financial Protection Bureau (CFPB) said earlier in the month that it will look to overhaul a number of payday loan regulations that were put in place in 2017 and were slated to go into effect in August of this year. Get the Full...
As far as eCommerce drama goes, the running tension that defines the relationships among the European Union and U.S.-based companies such as Amazon, Facebook and Google has little competition. Now comes the next chapter in the story: An effort by the EU to crack down...
Brexit backlash? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from...
Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...
Amazon is under fire in Austria, with the Austrian Federal Competition Authority reviewing the firm’s dual role as a leading retailer and a platform for small merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the approval process faster to complete. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
