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CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities

PYMNTS

To say that 2020 has already started off as a busy year for the Consumer Financial Protection Bureau (CFPB) might be an understatement. Now, under the current leadership of Kathy Kraninger, the more explicit definitions that seek to address what some critics had said were “vague” may curb the scope of what is considered abusive practices.

New York 179
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eBay Teases Sale Of Classifieds As Q4 Earnings Slide

PYMNTS

As eBay seeks to right its ship with its search for new leadership, as well as new revenue from StubHub (and perhaps even the sale of its classifieds unit or other assets), the online marketplace operator reported an earnings slide for the fourth quarter of 2019. Tax Impact. according to company officials on a webcast on Tuesday (Jan.

Taxes 130
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Expedia Reportedly Near Deal To Sell $1B Stake To Silver Lake And Apollo

PYMNTS

Last month, Expedia withdrew its 2020 adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, in the wake of the growing impact from the COVID-19 outbreak, which has brought the travel industry to a near halt. “As Expedia runs travel booking brands including Travelocity, Orbitz and Vrbo.

Report 150
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Freelancer Banking App Lili Nets $15M For Expansion

PYMNTS

The release says almost 10,000 people have started using Lili since it launched, but average spending per customer has more than doubled in 2020, the release says. The company offers users real-time, expense tracking tools for taxes and financial insights.

Capital 170
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FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19

Abrigo

In March of 2020, the US Department of Treasury, the Office of Fiscal Service, and the Internal Revenue Service provided 3 rounds of fast monetary relief in response to the COVID-19 pandemic in the United States through the passing of the Coronavirus Aid, Relief, and Economic Security ( CARES ) Act. The influx of money from the U.S.

Fraud 195
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Top News In Payments: Innovators Make The Visible, Invisible; EU Leaders Plan Data Use, AI Laws

PYMNTS

Why Invisible Will Make 2020’s Payments Innovation Roar. Report: The Risky Business of Navigating Online Sales Tax for Merchants. While consumers are flocking to eCommerce, merchants working on expanding and selling online in more markets must comply with local sales tax regulations.

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Wall Street To Get More Scrutiny As Dems Poised To Join House Financial Services Committee

PYMNTS

Bloomberg noted that Tulsi Gabbard, the lawmaker from Hawaii who announced plans to run for president in 2020, will also likely be named to the House Financial Services Committee. I am very grateful for the opportunity to sit on this committee as a freshman, and look forward to working under the leadership of @RepMaxineWaters!”

Hawaii 116