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China’s Economy Has Slowest Pace Of Growth Since Early 2009

PYMNTS

That, according to the New York Times, marks the slowest economic growth rate since the beginning part of 2009. In addition to all that, the New York Times noted that China’s stock market has declined by more than one-quarter since January’s peak and is one of the worst-performing stocks markets around the globe this year.

New York 124
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CFPB issues request for information on consumer credit card market

CFPB Monitor

The CFPB has issued a new request for information (RFI) to inform its biennial review of the credit card market mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). Comments on the RFI must be received by April 24, 2023.

Cards 78
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Easy-access savings rates at highest UK level since 2009

TheGuardian

Savers can now typically receive 1.16% in annual interest on an easy-access account on the market, the website said. Bank of England interest rate rises mean higher costs for borrowers but better returns for savers The average easy-access savings rate has improved to its best level in more than a decade, according to Moneyfacts.

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IFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 232
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Why JPMorgan Wants A Piece Of The SMB POS Market

PYMNTS

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Marketing 306
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IFC, Citi Launch $8M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 193
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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. More data on the market comes from sneaker and streetwear reseller StockX. We like the handle.