Justice Department Sues Walmart Over Opioid Sales
Justice Department Sues Walmart Over Opioid Sales
December 22, 2020  |  Legal

The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect...

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SEC Files Lawsuit Against Ripple Over Unregistered Securities
SEC Files Lawsuit Against Ripple Over Unregistered Securities
December 22, 2020  |  Legal

The U.S. Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday...

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UK-Based Liberis Lands $93 Million For SME Financing
UK-Based Liberis Lands $93 Million For SME Financing
December 22, 2020  |  B2B Payments

U.K.-based Liberis has notched £70 million (approximately $93.5 million) in financing from BCI Europe, Paragon Bank and British Business Investments in addition to financing and...

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Peloton’s Latest Workout: Putting Delivery Delays At The Back Of The Class
Peloton’s Latest Workout: Putting Delivery Delays At The Back Of The Class
December 22, 2020  |  Retail

Peloton, the leading maker of connected fitness products, has moved to resolve its manufacturing and order backlog problem by acquiring Finland’s Precor for $420 million....

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Fed To Credit Suisse: Improve Anti-Money Laundering Practices
Fed To Credit Suisse: Improve Anti-Money Laundering Practices
December 22, 2020  |  AML

The U.S. Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. operations, Reuters reported. According to an...

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PPP Round Two: Main Street SMBs Get New Access To Funding
PPP Round Two: Main Street SMBs Get New Access To Funding
December 22, 2020  |  SMBs

When the $900 billion coronavirus relief bill is finally enacted, $325 billion in aid will be earmarked for small- to medium-sized businesses (SMBs). The bulk...

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Pandemic Aid Package Provides Relief For Lenders To Help SMBs
Pandemic Aid Package Provides Relief For Lenders To Help SMBs
December 22, 2020  |  B2B Payments

The almost $900 billion U.S. pandemic aid package ratified by lawmakers Monday (Dec. 21) following months of debate will assist financial institutions by relaxing an...

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Today In Payments Around The World: PayPal’s Xoom Connects With UPI For Remittances To India; IBM Buying Cloud Implantation Firm Nordcloud
Today In Payments Around The World: PayPal’s Xoom Connects With UPI For Remittances To India;...
December 22, 2020  |  News

In today’s top payments news around the world, PayPal’s Xoom has linked with NPIL’s/NPCI’s Unified Payments Interface (UPI) to offer inter-bank transactions in India, while...

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Goldman Sachs Testing Wealth Management App For The Masses
Goldman Sachs Testing Wealth Management App For The Masses
December 22, 2020  |  Consumer Finance

Goldman Sachs is testing a wealth management app for the masses. The bank has reportedly begun internal testing of the digital service, called Marcus Invest,...

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