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New Bank TNB USA Sues The Fed

PYMNTS

A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York , accusing the regulator of preventing the bank from moving forward with its business plans. based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. percent.

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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities.

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Amazon’s ‘Beehive’, Drone-Carrying Trains Reinforce Focus On Logistics Tech

CB Insights

CB Insights’ analysis shows that the retail giant has been focused on shortening the distance between warehouses and consumers for some time. The facility shows multiple levels with multiple landing and take-off locations, depending on local zoning regulations. Patent: Systems and methods to facilitate human/robot interaction.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

Marcus’ focus will be offering small consumer loans — an area Goldman Sachs has has traditionally avoided but has been pushed toward in recent years as new regulations have forced many venerable Wall Street institutions to think out of the box about revenue streams going forward. Twenty U.S. and Canada.

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FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers

PYMNTS

According to the FTC, that previous task force “reinvigorated the [FTC]’s hospital merger review program, and also sharpened the agency’s focus on merger enforcement in retail industries, particularly regarding matters involving food, beverages and supermarkets.”. This serves as another signal among many that, in the U.S.