Remove Cards Remove Regulation Remove South Dakota Remove Technology
article thumbnail

Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

President Barack Obama is warning about the potential negative impact that technology can have on society. President Barack Obama is warning about the potential negative impact technology can have on society. Goldman CEO Denies Claims Of Apple Card Credit Biases. South Dakota Decision. Former U.S. Wayfair case.

article thumbnail

Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. Notable merchant partners include Best Buy, Home Depot, and Target.

Fintech 474
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apple Watch Earns Pro QB $5K Scolding From NFL

PYMNTS

In 2017, an Arizona Diamondbacks coach was fined for violating Major League Baseball’s on-field regulations because he wore an Apple Watch in the dugout. The students can store money on the digital cards, and use them in places like the cafeteria or the college bookstore to buy supplies.

Apple 123
article thumbnail

Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. The bank has been in recovery mode in recent months, as federal regulators launched a series of investigations into consumer and commercial practices at the lender. .

article thumbnail

Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

93a, the OCC is generally “authorized to prescribe rules and regulations to carry out the responsibilities of the office.” Citibank (South Dakota), N.A., The OCC clearly has the authority to adopt the Proposed Rule. Under 12 U.S.C. § 12 U.S.C. § 1 (emphasis added). As the Supreme Court instructed in Smiley v.

FDIC 78