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Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce

Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
July 09, 2020  |  Banking

As it tightens the requirements for some mortgage transactions, Wells Fargo is mandating that new customers seeking to refinance a jumbo mortgage take $1 million in balances...

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Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
July 09, 2020  |  Security & Fraud

Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of...

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B2B Payment Platform Taulia Seeks $60M To Expand Product Line
B2B Payment Platform Taulia Seeks $60M To Expand Product Line
July 09, 2020  |  Investments

Taulia Inc. has attracted some of the world’s biggest investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Today In Payments: Alibaba’s Ant Group Plans Hong Kong IPO; DOJ Looks Into Possible Wirecard Role In Fraud
Today In Payments: Alibaba’s Ant Group Plans Hong Kong IPO; DOJ Looks Into Possible Wirecard...
July 09, 2020  |  News

In today’s top news, Alibaba’s Ant Group plans to go public, and the U.S. Department of Justice is investigating Wirecard’s possible role in a purported...

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More Business Brewing For Joe Coffee Amid New $1.3M Investment
More Business Brewing For Joe Coffee Amid New $1.3M Investment
July 09, 2020  |  Investments

Joe Coffee has crafted an online ordering platform for independent java shops. Now the Seattle-based startup has landed another infusion of venture capital to help it expand...

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Grocery Delivery By Drone Slated For Fall Takeoff
Grocery Delivery By Drone Slated For Fall Takeoff
July 09, 2020  |  Delivery

Groceries delivered by drone? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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Mnuchin: Any PPP Extension Would Be ‘More Targeted’
Mnuchin: Any PPP Extension Would Be ‘More Targeted’
July 09, 2020  |  Economy

At a time when many businesses have used up the funds they’ve received from the Paycheck Protection Program (PPP), U.S. Treasury Secretary Steven Mnuchin said...

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Report: eCommerce Growth Drives Need For New Warehouse Space
Report: eCommerce Growth Drives Need For New Warehouse Space
July 09, 2020  |  Real Estate

The United States will need 1 billion additional square feet of warehouse space by 2025 due to the fast growth of eCommerce, according to a...

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