Bank Lending to Nonbanks Has Doubled in Five Years
Banks have reportedly more than doubled their lending to nonbank financial institutions (NBFIs) over the past five years and are now lending those companies $1 trillion a year.
This lending enables ba...
Cleo AI Settles $17 Million FTC ‘Fast Money’ Case
The FTC has won a $17 million settlement against online cash advance company Cleo AI.
The settlement stems from a complaint by the Federal Trade Commission (FTC) that Cleo had deceived consumers ab...
Italy prepares for reforms on land-based gambling venues
In Italy, the Ministry of Finance is facing pressure to deliver on reforms to the country’s land-based gambling outlets.
Amendments and modernisation are envisaged as part of the ‘Reorganisation...
Perplexity, firmly Build Merchant Network to Power GenAI Commerce
In a bold bet on the future of GenAI-driven commerce, Perplexity.ai has announced a partnership with firmly.ai that could change how consumers discover and purchase products and services, including tr...
