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Square, the mobile payments company, has joined with other tech companies in a cross-licensing platform to reduce patent lawsuits over cryptocurrency and promote the growth of digital currencies.
September 14 -
Elizabeth Warren asked the Federal Reserve this week to force the spinoff of the bank’s nonbanking operations. Wells, which was recently hit with another $250 million fine, countered that it has made significant progress in improving its risk management and addressing misconduct.
September 14 -
Canapi Ventures — created by former comptroller of the currency Gene Ludwig and banker Chip Mahan — and other venture capital firms say Peach Finance stood out because, unlike so many other startups, it's not focused on loan originations.
September 14 -
Pentagon Federal Credit Union bought its own Cessna, citing safety considerations and the cost of commercial air travel during the pandemic. But the purchase has fueled bankers' criticism of how credit unions use their tax exemption.
September 14 -
The agency’s enforcement action against a Virginia nonprofit is seen as reining in income-share agreements, which give students tuition in exchange for future wages and which critics complain have evaded scrutiny. Clearer regulatory guidance could solidify ISAs’ legal viability, proponents say.
September 13 -
Eligible users may trade bitcoin and ether through the company's app and also use bitcoin when completing debit card purchases. More cryptocurrency options will be offered in coming months.
September 13 -
Capital One Financial will test a new buy now/pay later service as consumers flock to the options that let them split up a purchase and pay it off over time.
September 13 -
If confirmed, Alanna McCargo would be the first Senate-approved president at Ginnie Mae since January 2017.
September 13 -
President Biden plans to nominate officials for three Democratic seats on the Commodity Futures Trading Commission, the nation’s main derivatives regulator.
September 13 -
In buying Neustar, the credit bureau will gain new fraud-monitoring capabilities to complement earlier acquisitions.
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