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The investment money’s flowing into fintech that’s flexible and broad enough to build a bridge between issuers and merchants. For PayU’s investment wing, that’s a $500 million blanket covering cross-border commerce, open tools and markets in dire need of a digital revolution.
May 7
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Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.
May 6
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More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to a report from Barclays.
May 6
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A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers.
May 6
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Fitch Ratings issued a negative warning for global banks after federal regulators proposed some relief from resolution plan requirements.
May 6
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The Odon, Ind.-based credit union also grew its membership to over 50,000, up more than 9% from a year earlier.
May 6
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The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.
May 6
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In his first extensive interview since taking the job this year, Javier Rodriguez Soler talks about banking as a service, how to keep customers happy and where he sees AI and other tech innovations heading.
May 6
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The Maryland company has hired interim CEO Susan Riel to officially take over the post.
May 6
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The board has promised to hire an outsider, but senior executives are lobbying for acting CEO C. Allen Parker to lead the company.
May 6
