CFPB Monitor
AUGUST 17, 2021
Last week, the FTC filed an administrative complaint against Fleetcor Technologies, a marketer of fuel cards, and its CEO in which the FTC alleges that the respondents violated the FTC Act’s prohibition on unfair or deceptive acts or practices. Supreme Court ruled in AMG Capital Management LLC v. In April 2021, the U.
PYMNTS
SEPTEMBER 17, 2020
The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action.
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Abrigo
APRIL 25, 2024
The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.
PYMNTS
OCTOBER 19, 2020
Shares of the Atlanta-based payment processor had risen by nearly 10 percent to $12.50 Noting the sector is still in its early stages in the B2B sector, Hack said in the press release that Paya’s “differentiated platform” Paya Connect combines “Card, ACH and Check acceptance.”.
PYMNTS
NOVEMBER 11, 2020
Park Place Payments , which provides payment processing to companies, and Atlanta-based NOW® Corp unveiled a collaboration that is meant to change how small and medium-sized businesses (SMBs) take payments, according to a Wednesday (Nov. 11) announcement.
PYMNTS
SEPTEMBER 24, 2020
My wife and I trust Greenlight to give us the modern tools to teach our children how to manage money,” said Gardiner Garrard, founding partner at TTV Capital, a prior investor that co-led the latest round. “Greenlight’s rapid growth is a testament to the value they bring to millions of parents and kids every day.
CFPB Monitor
DECEMBER 26, 2019
The FTC has filed a lawsuit in an Atlanta federal district court against a company that markets fuel cards to operators of vehicle fleets in which the FTC alleges that the company violated the FTC Act’s prohibitions on unfair and deceptive acts and practices. Not providing advertised per-gallon savings to card users.
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