Large retail trade corporations during the first quarter of the year saw their sales rise, but a big boost on their provisions for deferred domestic taxes helped drive down their profits, new Census Bureau data show.
Payday lending is against the law in New York State and now Bank of America Corp will be the first big bank to use the NY regulator’s database to ensure it is not happening on the sly. The database will allow Bank of America to...
Earlier this week, the UK announced at a Payments Council event that it would be getting a new regulator in April 2015. As reported by Finextra, this would end the self-regulatory approach that banks currently have through the Payments Council. Get the Full Story Complete...
When it comes to saving for retirement, millions of Americans do not have a plan. And the Treasury Department wants to do something about that. In this latest edition of PYMNTS Voice of the Treasury Series, Assistant Secretary Richard Gregg explains how the government’s myRA...
Now that Apple has made a home for bitcoin apps in the app store, a new app – Coin Pocket – is climbing the charts. Since Apple lifted their ban on such apps earlier this month, the app has climbed to the 74th position in...
Taxi drivers from London to Madrid plan to bring traffic to a halt this afternoon, across Europe’s most popular shopping and tourist locations, in protest of Uber, reports Bloomberg. The San Francisco ride-sharing app poses a threat to traditional taxi services globally, as its reach expands to...
In his semi-annual Report to Congress and the President this week, CFPB Director Richard Cordray provided an overview of the bureau’s progress in protecting consumers from financial harm. So far, billions has been put back in consumers’ pockets and a slew of actions against banks...
In a recent blog post, several FTC staffers noted that the changing competitive landscape online commerce is creating is affecting the agency’s examinations for potentially anticompetitive deals. Sometimes, though, the competitive influence of two merging companies still can be determined by looking at only one...
In a war that has been escalating nationally and locally between ride-sharing services like Lyft and Uber that are entering and disrupting local taxi markets, The Commonwealth of Virginia has taken the next big step and formally issuing a letter ordering the services to cease...
