If there’s a regulatory body that’s been busier this week than the Consumer Financial Protection Bureau (CFPB), we’d be hard-pressed to name it. Having just issued its final rule on open banking and data sharing on Tuesday, the CFPB said Wednesday (Oct. 23) that it...
The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business. The regulator is expected to announce its enforcement action as soon...
If there’s been a consistent theme thus far during earnings season, it’s that consumer spending has proven to be resilient across any number of demographics. And as a result, for the CE 100 Index, banking and payments-related names (which, of course, rely on transaction volumes...
The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … … they’ve also detailed, on some cases, the lure of private credit and their longer term plans in the space. Stretching through...
October 21, 2024
If there’s been a consistent theme thus far during earnings season, it’s that consumer spending has proven to be resilient across any number of demographics. And as a result, for the CE 100 Index, banking and payments-related names (which, of course, rely on transaction volumes and the aforementioned consumer resilience), where Visa and Mastercard led […]
July 22, 2024
The CE 100 Index faltered 0.8% in a week that reminded us just how connected we all are — by software, hardware, and apps — and how an outage can...
April 22, 2024
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out...
January 17, 2024
Odds are if you’re reading this you’ve had to deal with a contract at some point in your career. The odds are also in favor of that contract requiring some...
October 22, 2024
The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business. The regulator is expected to announce its enforcement action as soon as this week, The Wall Street Journal (WSJ) reported Tuesday […]
October 14, 2024
Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will...
October 03, 2024
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the...
September 17, 2024
JPMorgan Chase is reportedly in talks with Apple to become the new issuer of the Apple credit card. The discussions have advanced in recent weeks after getting started earlier this year,...
