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31 May 2024, 6:00 am by Michelle
Reed says she won’t do, even if it means she and her husband, the chef Michael Reed, take a financial hit. [read post]
13 May 2024, 6:41 am by Dan Bressler
” “Delaware Supreme Court Holds MFW Inapplicable Based on Banker Conflict Disclosure Deficiencies” — “The Delaware Supreme Court has reversed a Court of Chancery decision dismissing challenges to the acquisition of Inovalon Holdings, Inc. by a consortium led by Swedish private equity firm Nordic Capital in a decision demonstrating the importance of disclosure of financial advisor conflicts in order to obtain the benefit of business judgment… [read post]
10 May 2024, 6:00 am by Michelle
The wide-ranging group of plaintiffs, led by 7-Eleven, includes chain retailers like Barnes & Noble Inc., Dick’s Sporting Goods, Starbucks, The Gap Inc. and Ralph Lauren Corp. [read post]
26 Apr 2024, 6:00 am by Michelle
It also comes at a time when business travel and expense management has changed with the advent of remote working and addresses the shifting payment preferences by younger demographic groups. [read post]
22 Apr 2024, 6:51 am by brbadmin
Along with being a major credit card issuer, Citigroup is a member of the US Chamber of Commerce, the American Bankers Association, and the Consumer Bankers Association, three of the six trade groups suing to block the rule, the CFPB said. [read post]
19 Apr 2024, 6:00 am by Michelle
In addition, the regulators focused their attention on artificial intelligence and the use of AI by financial institutions in providing consumer financial services. . . . [read post]
5 Apr 2024, 6:00 am by Michelle
American Express Co., Discover Financial Services, and Visa Inc. soon followed. . . . [read post]
29 Mar 2024, 6:00 am by Michelle
Regulators Are Taking on Nonbanks — A Little Bit at a TimeAmerican Banker – March 15, 2024 (subscription required)  The 2008 financial crisis amply illustrated the potential for nonbank financial firms to pose a risk to the broader financial system. [read post]
8 Mar 2024, 6:00 am by Michelle
They Require Tailored Regulations.American Banker – March 1, 2024 (subscription required)  As the head of policy at Klarna, I’ve watched closely as the landscape of consumer finance undergoes a profound transformation. [read post]
27 Oct 2023, 6:00 am by Michelle
Merchant groups, long riled by debit card acceptance costs, contend the Fed’s cut doesn’t go far enough, while the banking lobby deplores the proposal as arbitrary and likely to hurt banks and consumers. [read post]
15 Sep 2023, 6:38 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: The CFPB Eyes Tech Firms’ Role in Governing Tap-To-PayDigital Transactions News – September 8, 2023 The Consumer Financial Protection Bureau late Thursday released a report raising questions about the part restrictions imposed by big technology firms like Apple Inc. and Alphabet Inc’s Google subsidiary may play in hampering innovation, consumer choice, and the growth of open and decentralized banking and… [read post]
25 Aug 2023, 7:02 am by Zak Gowen
Their use increased from 5% of the transaction mix to 10% in 2022, according to the 2023 Debit Issuer Study from Pulse, the debit network owned by Discover Financial Services. . . . [read post]
26 Jul 2023, 9:01 pm by renholding
First, the Commission rejects financial materiality as the touchstone for its disclosures,[4] and fails to offer in its place a meaningful intelligible limit to its disclosure authority.[5] The release explains that Congress gave “the Commission, which regulates dynamic aspects of a market economy,” “intentionally broad” authority to require disclosures on a wide range of matters, even ones that do “not directly relate to a company’s value and… [read post]
13 Apr 2023, 10:19 am by The White Law Group
   According to his FINRA BrokerCheck profile, Russell was reportedly affiliated with DEUTSCHE BANK SECURITIES INC. [read post]
31 Mar 2023, 8:40 am by Zak Gowen
That’s according to research released late Tuesday by the payments-technology company ACI Worldwide Inc. [read post]