The China-backed cross-border payments platform Project mBridge is reportedly set to erode the dominance of the dollar in some corridors, sectors and use cases. The platform has processed 4,047 transactions with a total transaction volume of $55.49 billion as of November, the Atlantic Council said in a Thursday (Jan. 15) blog...
Real-time money movement is rapidly moving toward always-on status. The Federal Reserve has laid out a path to expand the operating days of its largest wholesale settlement rails, pushing final settlement deeper into weekends and holidays and shrinking the “wait until Monday” window that corporate...
Eight auto insurance companies will pay a collective total of $19 million in penalties to New York State for alleged violations of the Department of Financial Services’ cybersecurity regulation. The DFS announced the penalties in a Tuesday (Oct. 14) press release, saying that all the...
The Federal Trade Commission (FTC) has begun sending over $6.7 million to consumers as part of its settlement with gig work company Arise Virtual Solutions. The settlement resolved the FTC’s allegations that Arise violated the FTC Act and the Business Opportunity Rule by making deceptive claims about the money workers could earn...
April 17, 2026
Watch more: Need to Know With Lorum’s George Davis The financial system has a clearing problem, and it’s not about broken technology. It’s about who the technology was built to serve, and more importantly, who it wasn’t. Lorum Co-Founder and CEO George Davis made that point in a conversation with PYMNTS CEO Karen Webster, explaining […]
July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa,...
January 14, 2020
The fact that instant disbursements are overwhelmingly preferred by consumers isn’t much of a surprise. When stacked up against a paper check, money that is instantly loaded to one’s digital...
October 14, 2025
Eight auto insurance companies will pay a collective total of $19 million in penalties to New York State for alleged violations of the Department of Financial Services’ cybersecurity regulation. The DFS announced the penalties in a Tuesday (Oct. 14) press release, saying that all the companies failed to protect consumer data and that two of […]
August 26, 2025
The Federal Trade Commission (FTC) has begun sending over $6.7 million to consumers as part of its settlement with gig work company Arise Virtual Solutions. The settlement resolved the FTC’s allegations that Arise violated the FTC...
July 11, 2025
The Consumer Financial Protection Bureau (CFPB) and retail pawn store operator FirstCash said Friday (July 11) that they reached a settlement on FirstCash’s alleged violations of the Military Lending Act (MLA). If entered...
June 26, 2025
A federal judge reportedly rejected a joint motion by blockchain company Ripple and the Securities and Exchange Commission (SEC) to approve their proposed settlement in a lawsuit over the sale of unregistered securities. The judge said...