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Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau, resigned from her post.
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Petersen said CFPB leadership under President Donald Trump “has no intention to enforce the law in any meaningful way,” Reuters reported Tuesday (June 10), citing an email it saw.
“I have served under every director and acting director in the bureau’s history...
Cryptocurrency exchange Bullish has reportedly resurrected its plans to go public.
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The company has confidentiality filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), according to a Wednesday (June 11) Financial Times (FT) report citing two sources familiar with the matter.
PYMNTS has contacted Bullish for comment...
The head of America’s largest bank has a gloomy forecast for the U.S. economy.
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“I think there’s a real chance numbers will deteriorate soon,” J.P. Morgan Chase CEO Jamie Dimon said in reference to indicators like the labor market Tuesday (June 10), noting major upheaval in things such as trade and global politics.
“There’s a lot of moving parts,” said Dimon, whose...
They account for 40% of consumers worldwide and will represent 31% of the workforce by 2030. With current purchasing power standing at $450 billion and expected to reach $12 trillion within five years, Generation Z — the demographic born between 1997 and 2012 — is reshaping how banks and FinTechs attract and retain customers.
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This digitally-native group prefers FinTech...
The pressure is on marketing teams today drive digital success without delivering spam.
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Against a backdrop of digital saturation, where inboxes are bombarded and brand fatigue is real, that is the fundamental question that persists: What if marketing could finally feel more human again?
“Marketing that actually adds value to the consumer’s life versus just sort of, ‘...
Businesses wrestling with sluggish cash flow and escalating fraud are increasingly looking to digital payment solutions, according to a recent PYMNTS Intelligence report highlighting the challenges of legacy methods.
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The report, titled “Virtual Cards Boost Commercial Payment Speed and Security,” examines how traditional business-to-business (B2B) and other commercial...
The global financial ecosystem is undergoing a rapid transformation as real-time payment systems gain traction.
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As these systems become more prevalent across the financial landscape, they’re setting new benchmarks for transaction speed, efficiency and accessibility.
This trend is being propelled by proactive initiatives from financial institutions and central banks...
Global eCommerce players focus on user experience, brand loyalty and speed, but they often overlook payments.
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No matter how sleek a front-end experience is, a failed or clunky checkout can undo every strategic effort that led to the sale. PYMNTS Intelligence findings from the May Payments Optimization Tracker® Series, “Going Global: How Payments Optimization Can Power...
It would be understandable to ascribe certain characteristics to the best-in-class issuers.
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The PYMNTS Intelligence and Visa DPS report “The Best-In-Class Modern Card Issuer: Driving Customer Lifetime Value Through Innovation” surveyed 451 executives who weighed in on what separates the best from the rest in the pursuit of high lifetime values of their customers. The...
Personalization is a tool that will help Stitch Fix retain and even gain market share amid any potential external headwinds like tariffs or a slowdown in consumers’ discretionary spending, executives said Tuesday (June 10) during the online personal styling service’s quarterly earning call.
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The company has not yet seen an impact from tariffs and doesn’t expect to see...