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The Chinese government is not formally considering Visa and Mastercard’s year-old application to process payments inside China, another signal of China’s almost constantly changing regulatory posture toward the American card brands.

The Gray, Tenn.-based institution has named Kelly Smith as its temporary leader after Ron Scott resigned to move closer to family. He subsequently passed away.

The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season.

Despite the ongoing federal work stoppage, some scheduled activities are still taking place this week in Washington.

The agency is expected soon to propose a revamp of the 2017 regulation that would eliminate the ability-to-repay provisions, which small-dollar lenders saw as a direct threat to their business.

The U.S. Supreme Court turned away a broad challenge to the structure of the Consumer Financial Protection Bureau, the agency that Republicans say has stifled economic growth through over-regulation.

A tool used by technical analysts called the GTI VERA Convergence Divergence Indicator that detects trend reversals is flashing a sell signal for ether, with the longest buying trend since October ending for the third-biggest digital currency. The shift could foreshadow a negative turn for bitcoin, which is close to a trend reversal as well.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Global payments provider Paysafe Group has appointed Mastercard vice chairman Walt Macnee as an independent, nonexecutive director.

In many ways, the declaration of the end of the merchants' swipe fee case against the major card brands last September with a $6.2 billion settlement is not unlike previous efforts to settle the case — in that it won't truly end the antagonism between merchants and the card brands.