Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown
By Hannah Lang The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed
2023-11-17 19:21
Payments app Zelle begins refunds for imposter scams after Washington pressure
By Hannah Lang Banks on the payment app Zelle have begun refunding victims of imposter scams to address
2023-11-13 14:24
US consumer watchdog proposes rules for Big Tech payments, digital wallets
WASHINGTON The top U.S. consumer financial watchdog on Tuesday proposed to regulate tech giants' digital payments and smartphone
2023-11-08 01:22
Analysis-Europe's hard-pressed payment firms face investor exodus
By Elizabeth Howcroft LONDON A bleak economic outlook and tougher regulatory scrutiny are proving a final straw for
2023-10-26 22:49
Shares in one of London's biggest IPOs this year have crashed 82%
Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings.
2023-10-24 21:48
WeWork to withhold interest payment on some notes
(Reuters) -WeWork Inc on Monday said it had decided to withhold interest payments of about $95 million related to some
2023-10-03 06:15
Country Garden dodges default by making last minute debt payments, state media reports
Country Garden, the embattled Chinese real estate firm, made late interest payments on two US dollar bonds shortly before the end of a 30-day grace period, avoiding an imminent debt default, according to multiple state media reports.
2023-09-05 15:23
Student loan interest resumes Friday and payments restart in October. Here's what borrowers should know
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
2023-08-31 18:29
Vietnam joins Southeast Asian effort on cross-border payments
JAKARTA Vietnam's central bank signed an agreement on Friday to be part of an initiative by five other
2023-08-25 12:15
Nevada GOP Senate candidate raised money to help other candidates -- the funds mostly paid down his old campaign's debt instead
Nevada Republican Senate candidate Sam Brown created a political action committee to "help elect Republicans" but most of its funds were spent paying down debt from his failed previous campaign. The group donated less than 7% of its funds to the candidates it was set up to support, according to campaign finance records -- a move one campaign finance expert likened to using the PAC as a "slush fund."
2023-08-12 22:30
Fed set to launch long-awaited instant payments service, modernizing system
By Hannah Lang The U.S. Federal Reserve is due to imminently launch a long-awaited service which will aim
2023-07-20 12:17
Here's when your student loan payments will start again
After a more than three-year pause, borrowers will have to restart paying their federal student loan bills in October.
2023-07-01 01:22