PYMNTS News

CFPB Files Proposed Settlement With Student Lender Climb Credit
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0....

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CFPB Ombudsman’s Office Fields Record Number of Inquiries in FY2024
CFPB Ombudsman’s Office Fields Record Number of Inquiries in FY2024
December 05, 2024  |  CFPB

The Consumer Financial Protection Bureau’s (CFPB) Ombudsman’s Office received a record number of inquiries in fiscal year 2024. With 2,398 inquiries, the total was up...

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Equifax and Mastercard Partner on Fraud Management in Latin America
Equifax and Mastercard Partner on Fraud Management in Latin America
December 05, 2024  |  Partnerships

Equifax and Mastercard have partnered to provide fraud management tools to businesses in Latin America, excluding Brazil. This collaboration will make these tools available to Mastercard business...

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Amazon Launches Nova AI Models for Business
Amazon Launches Nova AI Models for Business
December 05, 2024  |  artificial intelligence

At its annual re:Invent conference this week, Amazon unveiled a comprehensive artificial intelligence (AI) strategy and launched new Nova foundation models. The announcements signal Amazon’s...

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Meta and James Cameron’s Lightstorm Vision Partner on 3D Entertainment
Meta and James Cameron’s Lightstorm Vision Partner on 3D Entertainment
December 05, 2024  |  Meta

Filmmaker James Cameron’s venture, Lightstorm Vision, will help scale the creation of 3D entertainment experiences for Meta Quest mixed reality (MR) headsets. The two companies...

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This Week in B2B Innovation: Capturing Opportunity Across an Atypical Landscape
This Week in B2B Innovation: Capturing Opportunity Across an Atypical Landscape
December 05, 2024  |  B2B Payments

Business-to-business (B2B) payments are undergoing a period of upheaval and reinvention. Businesses are seeking faster, more efficient and secure payment solutions, and a wide range...

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 Kroger’s Digital Engagement Strategy Drives Growth Amid Sluggish Sales
 Kroger’s Digital Engagement Strategy Drives Growth Amid Sluggish Sales
December 05, 2024  |  Earnings

Despite Kroger’s third-quarter results taking a slight a dip, digital growth is still making a splash. Kroger’s digital transformation continues to show promising results as...

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Recent Funding Rounds Signal PayFac’s Rising Star
Recent Funding Rounds Signal PayFac’s Rising Star
December 05, 2024  |  Payments Innovation

Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve...

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CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
December 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies...

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