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Chase Pay Demise And Gut Check On Lending Dominate Week’s News

PYMNTS

Among the stories we ran over the past few days is a deep look at the problems with Chase Pay, new information about AI fighting fraud, new research into the gig economy and subscriber churn, and a feature about the risks of online disaster relief efforts. Partly Shuttered, Chase Pay Didn’t Pay for Chase In-Store.

Lending 109
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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

small business lending platform Funding Circle is reportedly considering whether to wield open banking to enhance its own product offering. In another bank-FinTech tie-up focused on small business solutions, WaFd Bank, based in North Carolina, has announced the adoption of technology from nCino. Over in the U.K.,

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

It is a Minority Depository Institution (MDI) and is one of only a few North Carolina banks designated by the U.S. First Citizens Bank was founded in North Carolina in 1898 as the Bank of Smithfield. Treasury as a Community Development Financial Institution (CDFI). Well done Citizens Bancshares and Citizens Trust.

Fresno 101
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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

12), the House Judiciary Antitrust Subcommittee will hold a hearing on issues top of mind in the digital realm — touching on how data and privacy affect competition online, and specifically, for online marketplaces. This Thursday (Sept. The witness list is varied and international in scope. At this writing (Sunday, Sept. The Hearing.

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Equifax Still Fights To Regain Trust As Q2 Sales Slump

PYMNTS

Information Services [USIS] business, including lower revenue in both its online information solutions and financial marketing services businesses. The domestic weakness was mainly due to lower revenues in its online information solutions and financial marketing services business in the U.S. Equifax Inc., million, or $1.19 a share.

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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.” North Carolina Office of the Commissioner of Banks. North Dakota Department of Financial Institutions.

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CFPB settles with military base retailer and related companies for alleged unlawful debt collection practices

CFPB Monitor

Mishkin As part of this week’s flurry of enforcement-related announcements, the CFPB announced the settlement of a lawsuit filed jointly with the Attorneys General of North Carolina and Virginia against Freedom Stores, Inc.