United States-based auction Web site eBay Inc. says it is reviewing a directive from Australian competition authorities that delays company plans to mandate PayPal, eBay's payment service, as the only online-payment option on the company's Australian Web site, a spokesperson tells CardLine Global. EBay officials worked through Thursday night to "digest the information," the spokesperson says. "We will make further comment following the review process," the spokesperson says. On Thursday, the Australian Competition and Consumer Commission said it was determining if eBay's mandate is anticompetitive (CardLine Global, 13 June). The mandate was scheduled to start Tuesday.
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The bipartisan housing package, dismissed by President Trump as a "yawn," takes effect automatically after he declined to sign it in protest over stalled voter ID legislation.
July 11 -
The failure of Kentland Federal Savings and Loan, the nation's smallest standalone bank at $3.7 million of assets, will cause an estimated $1.2 million hit to the deposit insurance fund, according to the Federal Deposit Insurance Corp. Kentland's failure is the third bank failure in 2026.
July 10 -
The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.
July 10 -
The Denver-based bank reported that two loans soured, one due to fraud. A number of other lenders reported sizable fraud-related losses last fall.
July 10 -
The Wyoming digital asset bank is requesting that the high court review previous decisions granting the central bank 'unbounded, unreviewable discretion' in light of its recent Cook and Slaughter rulings. A decision could impact how cryptocurrency intersects with the standard banking system.
July 10 -
U.S. Bank, Arvest, Old National, BMO and WaFd took the losses in a decade-long scheme the DOJ announced.
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