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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. The blank check operation that will take Rush Street Interactive public fits the profile.

Online 142
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Amazon’s Next Warehouse Will Specialize In Large Items

PYMNTS

Despite Amazon ‘s highly visible presence online, its network of warehouse and fulfillment centers that dot the globe is all but invisible — unless you know where to look. One of those places is just outside of Atlanta, Georgia, though what’s stored inside won’t be hard to spot.

Georgia 100
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From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

PYMNTS

Prior to serving in this leadership role for Evil Corp, Yakubets was also directly associated with Evgeniy Bogachev, a previously designated Russian cybercriminal responsible for the distribution of the Zeus, Jabber Zeus, and GameOver Zeus malware schemes,” said the Treasury release.

Fraud 131
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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

PYMNTS

Prior to serving in this leadership role for Evil Corp, Yakubets was also directly associated with Evgeniy Bogachev, a previously designated Russian cybercriminal responsible for the distribution of the Zeus, Jabber Zeus, and GameOver Zeus malware schemes,” said the Treasury release.

Groups 130
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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

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CFPB files lawsuit against payment processor and former executive officer

CFPB Monitor

The sales resulted from telephone calls initiated by consumers who viewed online advertising placed by Tech-Support Clients. Under former Director Cordray’s leadership, the CFPB targeted payment processors for companies involved in alleged debt collection scams and alleged debt settlement or relief scams.

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eBay: A Look Back

PYMNTS

They may never have made a purchase on the online marketplace, but the odds are good they know at least one good story about something bought it on eBay story. That idea was initially rejected by eBay’s leadership, by Icahn who ultimately prevailed. EBay spun out PayPal in 2015.

San Jose 203