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

CFPB Monitor

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.

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Today In Payments: ECB Outlines Use Cases For Digital Euro; Goldman To Pay $2.5B For GM’s Credit Card Business

PYMNTS

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. for General Motor's Credit Card Business. Goldman Sachs will buy General Motors’ credit card business for approximately $2.5 European Central Bank Outlines Use Cases for Digital Euro.

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If Cash Won’t Die, Why Not Manage It Better Digitally?

PYMNTS

However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt. Night Deposits.

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Repay Holdings Seals Deal For CPS Payment Services

PYMNTS

Atlanta-based Repay said it had paid $78 million at the closing of the deal, with another $15 million in payments contingent on how CPS performs during various periods through the end of 2022, potentially pushing the final cost to $93 million. Repay Holdings said on Tuesday (Nov.

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. Louis and Dayton, Ohio.

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Paya Poised To Accelerate Growth As Payments Firm Goes Public

PYMNTS

Shares of the Atlanta-based payment processor had risen by nearly 10 percent to $12.50 Paya will also remain under its current management team, led by CEO Jeff Hack. Paya , the latest FinTech to the join the ranks of publicly-traded companies, made its market debut Monday (Oct.

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Small business lending insights Vol. 1

Abrigo

Financial institutions should also cultivate opportunities to help existing borrowers manage their business and capital needs. Comparatively, SMBs need to be ready to adjust operating practices and capital preservation efforts to manage the cash flows and capital outlays vital for their success. 1 appeared first on Abrigo.

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