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Today in Data: AmEx’s $96M Discriminatory Payout

PYMNTS

Fair practices among credit card companies are determined by the Federal Trade Commission. One credit card company that is in hot water is American Express. Virgin Island and other U.S. 2013 | Year American Express self-reported the differences it provided for Puerto Rico and U.S. . $1

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This Week In Retail: Funding, Finance And Tech

PYMNTS

American Express is in the hot seat this week as the Consumer Financial Protection Bureau (CFPB) ordered the credit card company to pay out a very large amount to consumers in Puerto Rico and the U.S. Virgin Islands. 96 million | Amount CFPB ordered American Express to pay out to affected Puerto Rico and the U.S.

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Amex charged higher rates and fees in U.S. territories, CFPB says

Payments Source

American Express charged higher interest rates and annual fees to cardholders in Puerto Rico, the U.S. Virgin Islands and other U.S. territories than in the U.S., the CFPB said Wednesday.

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SAFER Banking Act: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands , have legalized marijuana in some form , many banks and credit unions are reluctant to take on the risks associated with providing services to marijuana-related businesses. While 38 states , along with Washington D.C.,

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Surprise Edition: Amex, Hackers And Starbucks E-Commerce Sign-Off

PYMNTS

Two American Express banking subsidiaries have found themselves on the wrong side of the CFPB’s fining pen for discriminating against consumers in Puerto Rico, the U.S. Virgin Islands and other U.S. American Express discriminated against consumers in Puerto Rico and the U.S. territories.

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SAFER Banking Act passes Senate Banking Committee: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands , have legalized marijuana in some form , many banks and credit unions are reluctant to take on the risks associated with providing services to marijuana-related businesses. While 38 states , along with Washington D.C.,

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Google Tracker: Google Earth, Air And Sea

PYMNTS

From sky to sea, Google hardware could soon be all around us — and it could start in Puerto Rico. The sky is the limit for Project Loon, which could help restore communications infrastructure to Puerto Rico in the wake of Hurricane Maria. Building a Better Balloon. Self-Driving Ships.

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