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A brand new Clearing Bank for Britain

Chris Skinner

That’s not a very healthy or competitive marketplace and Nick was discussing this with the regulators three years ago and just asked the question: what’s to stop a new clearing bank being created?

Branding 206
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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

With athleisure brands like Lululemon doing better than expected numbers on the strength of “lockdown chic”— running shoes and yoga pants — trendlines continue to point to permanent digital shifts in how we do fitness. As PYMNTS reported in early July, the ongoing consumer lockdown led connected-bike company Peloton to register $524.6

Exercises 206
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Ant Financial Fancies Itself As A Technology Services Company

PYMNTS

Ant Financial , the Alibaba affiliate, expects its core business will be technology services down the road as it expands beyond only payments. His comments come as Ant Financial recently unveiled a new brand that is aimed at selling technology services to financial firms, including banks. We never have a timetable for that.

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CFPB’s Foray into BNPL Regulation Stirs Ire and Interest

The Financial Brand

This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand. This article CFPB’s Foray into BNPL Regulation Stirs Ire and Interest appeared first on The Financial Brand. Will it work?

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State Regulators Investigate Payday Advances

PYMNTS

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. They see themselves as offering up an entirely different product from stem to stern.

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Can Western QSR Brands – And Others – Gain More Power In China?

PYMNTS

Two famous North American-based quick-service restaurant (QSR) brands are preparing to duke it out in China for chicken-meal supremacy, the most recent sign of how Western brands are trying to increase their footholds in that massive country. The news comes as more Western brands – including those based in the U.S. –

Branding 100
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Today In Payments Around The World: Chase, Air Canada, Mastercard Team On Credit Card; Mexican Regulator Green-Lights Uber’s Cornershop Buy

PYMNTS

while Mexico antitrust regulator Cofece has reportedly given the go-ahead to the acquisition of Cornershop by Uber. Mexican Regulator Gives Go-Ahead for Uber’s Cornershop Acquisition. Cofece, the Mexico antitrust regulator, has reportedly green-lighted the acquisition of grocery delivery site Cornershop by Uber Technologies.