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FTC files administrative complaint against marketer of fuel cards as strategy for addressing SCOTUS AMG Capital Management decision

CFPB Monitor

The complaint’s allegations mirror those in the lawsuit filed by the FTC against the respondents in 2019 in an Atlanta federal district court. Supreme Court ruled in AMG Capital Management LLC v. In April 2021, the U. The administrative action was brought under Section 5(b) of the FTC Act.

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Small business lending insights Vol. 1

Abrigo

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.

Lending 195
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Today In B2B: NeweggBusiness Adds Payment Terms; Deutsche Expands Cash Management Business

PYMNTS

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Deutsche Bank Debuts Cash Management In Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments.

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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling

Bobsguide

April 4, 2022 – NXTsoft , a company focused on data connectivity, data analytics, data management and data migration announced plans today to accelerate adoption of leveraging APIs to automate and easily access data through a zero-integration effort called Connectivity as a Service for financial institutions and FinTechs. Birmingham, Ala.

Capital 146
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Saltbox Opens Co-Warehousing Space For SMBs

PYMNTS

To provide small to medium-sized businesses (SMBs) with co-warehousing and coworking space, Saltbox opened a 27,000-square-foot facility in Atlanta, according to an announcement. The company said Atlanta has a diverse and growing ecosystem, with new firms, new talent, more connectivity, and greater capital.

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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

He added that Cardtronics’ debit network complements NCR’s payments platform and the combined new entity will offer a comprehensive connection of retail and bank customers “while capitalizing on the banking industry’s transition toward infrastructure outsourcing.”.

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

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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