PYMNTS News

SoLo Funds ‘Blindsided’ by CFPB Lawsuit
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024  |  Regulation

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. The lawsuit also alleged that SoLo Funds...

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Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
Three-Quarters of Young Consumers Favor Click-and-Mortar™ Grocery Shopping
May 17, 2024  |  Retail

Millennials and Generation Z consumers are not satisfied choosing between digital and physical channels to do their grocery shopping — they want it all. By the Numbers...

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Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation
Consumers Are Leaving Major Cities, Slowing Retail’s Digital Transformation
May 17, 2024  |  Retail

The impact of the pandemic on consumers’ geographic distribution has continued, with shoppers increasingly residing outside of major urban areas, and this trend away from...

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Bill Raising Asset Thresholds for Banking Regulations Heads to House Vote
Bill Raising Asset Thresholds for Banking Regulations Heads to House Vote
May 17, 2024  |  Bank Regulation

The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to...

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Consumers Want Payment Options That Help Manage Spending
Consumers Want Payment Options That Help Manage Spending
May 17, 2024  |  Payment Methods

As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to...

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Eisen and Checkbook Partner to Streamline Disbursements by Financial Institutions
Eisen and Checkbook Partner to Streamline Disbursements by Financial Institutions
May 17, 2024  |  Disbursements

Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the...

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Making Sense of Embedded DeFi’s Role in Web3’s Future
Making Sense of Embedded DeFi’s Role in Web3’s Future
May 17, 2024  |  Blockchain

The Web3 space has its sights set on transforming payments and commerce via blockchain technologies. And with the news Wednesday (May 15) that Safe has...

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HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024  |  Banking

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns...

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High-Income Women Spend Nearly $1K on Their Own Health, Wellness Annually
High-Income Women Spend Nearly $1K on Their Own Health, Wellness Annually
May 17, 2024  |  Healthcare

For most women, a complex cluster of building blocks — their life stage, household responsibilities, financial circumstances, age and dependents, among others — shape how...

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