President Donald Trump fired two Democratic board members of the National Credit Union Administration (NCUA), leaving the board that traditionally has three members with just one member, Republican Chairman Kyle Hauptmann. Those who were fired are Todd Harper and Tanya Otsuka, Reuters reported Wednesday (April...
California is set to become the first state to sue President Donald Trump over his tariffs. Gov. Gavin Newsom announced Wednesday (April 16) that the state — the fifth largest economy in the world — would file suit against the president over the new levies....
Companies across industries have begun issuing new fees in response to U.S. tariffs. And with those fees, The Wall Street Journal (WSJ) reported Sunday (April 13), comes a message: Please don’t blame us. In some cases, the report said, these businesses are adding flat fees,...
President Donald Trump has exempted electronics from his “reciprocal” tariffs, at least for now. The government announced late Friday (April 11) consumer electronic imports from China would be excluded from the steep tariffs the U.S. has imposed on that country. However electronics goods such as...
April 11, 2025
When Walmart, the largest retailer in the U.S., abruptly withdrew its first-quarter operating income guidance last week, the message was unmistakable: the tariff storm is shaking the foundations of retail planning. The announcement, citing the need to maintain pricing flexibility amid newly implemented tariffs, is emblematic of the intense pressure facing multinational retailers in a […]
April 10, 2025
Hate to say you read it here first, but here’s a prescient quote left on the cutting room floor from PYMNTS CEO Karen Webster’s interview with QED Investors partner Amias...
April 08, 2025
As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a fever pitch. The once-promising but...
April 08, 2025
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt...
April 17, 2025
America’s chief consumer finance watchdog is reportedly scaling back enforcement of financial services companies. Instead, the Consumer Financial Protection Bureau (CFPB) will focus on threats to members of the military and their families, Reuters reported Wednesday (April 16), citing an internal memo. As that report notes, this move suggests the CFPB plans to continue its […]
April 16, 2025
President Donald Trump fired two Democratic board members of the National Credit Union Administration (NCUA), leaving the board that traditionally has three members with just one member, Republican Chairman Kyle...
April 16, 2025
California is set to become the first state to sue President Donald Trump over his tariffs. Gov. Gavin Newsom announced Wednesday (April 16) that the state — the fifth largest...
April 13, 2025
Companies across industries have begun issuing new fees in response to U.S. tariffs. And with those fees, The Wall Street Journal (WSJ) reported Sunday (April 13), comes a message: Please...
