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Borrowing on plastic climbed by $52 billion in the fourth quarter, the New York Fed found, as consumers splurged on holiday shopping and inflation drove up the cost of goods and services. It's the biggest jump in the 22 years the data has been tracked.
February 8
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Ilya Lichtenstein and his wife, Heather Morgan, were arrested for allegedly masterminding the 2016 scheme. They are scheduled to appear at federal court in Manhattan Tuesday afternoon.
February 8
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PSCU is working with EnaComm to build web and mobile applications for prepaid cards.
February 8
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Buffalo, New York-based M&T is the latest bank to announce changes that will save customers money but also reduce service-fee revenue.
February 8
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The card network joins a growing number of payment-card companies and fintechs providing digital bank accounts.
February 8
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R. David Yost and his soon-to-be-former son-in-law are slugging it out in court over allegations of tax evasion.
February 8
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Deutsche Bank promoted Charlie Burrows to oversee the expansion of the bank’s wealth management unit across the southeastern U.S., as the German lender builds out its business of catering to the ultrarich.
February 8
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By the end of the year, if it can clear regulatory and technical hurdles, the bank plans to launch tokenized dollars people could use to buy anything on the internet.
February 7
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Stephen Calk had argued against incarceration, while prosecutors asked for 51 to 63 months behind bars. The ousted bank CEO was convicted of approving $16 million of loans in exchange for Paul Manafort’s help in landing a job in the Trump administration.
February 7
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The $650 million deal would add services for financial institutions seeking a faster path to upgrade their technology.
February 7
