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Some of the riskiest loans given to millennials and Gen Z shoppers for clothes and electronics — and neatly repackaged for investors — are dropping in value.
June 8
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The bank is using a recent fintech acquisition to embed its services in merchant categories like health care and philanthropy, which have typically lagged in the move to digital commerce.
June 8
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Multiple class actions claim that banks and credit unions are not doing enough to prevent scammers from exploiting the near-instant peer-to-peer payment network.
June 7
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U.S. consumer borrowing surged again in April, following a record jump a month earlier, fueled by rising prices and the continued strength of American consumers.
June 7
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PayPal Holdings will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s part of the company’s effort to boost use of its app.
June 7
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An early bank entrant to the BNPL space, Citizens Financial Group argues that other lenders are taking on too much risk by expanding into everyday spending categories.
June 7
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The California tech giant's take on pay-in-four installment loans has a top-of-wallet positioning that banks and merchants are unlikely to be able to match.
June 6
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The boost in the transfer ceiling — to $1 million from $100,000 — is opening new use cases for firms such as Dwolla that connect to the transaction rail.
June 6
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The Columbus, Ohio-based bank will incorporate corporate and customer-facing digital tools it obtained by acquiring fintech Digital Payments Torana in May.
June 3
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Bruised by recent public relations gaffes, the buy now/pay later pioneer is forging ahead with a plan to complement its installment loans with a physical Visa card.
June 3
