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The Consumer Financial Protection Bureau (CFPB) is proposing to rescind the “NBR Rule” it adopted last summer that established a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or local government or court orders.
The CFPB said in a proposed recindment that it filed with the Federal Register on Tuesday (May 13) at 8:45 a.m. that it is...
Google’s Android operating system is set to get one of its biggest updates in years.
With this refresh, which includes a design called Material 3 Expressive, phones and watches using Google’s operating system will be “more fluid, personal and glanceable,” Mindy Brooks, vice president of product management and user experiences, Android platform, wrote in a Tuesday (May 13) blog post.
“Nearly four...
Goldman Sachs Group is reportedly considering expanding its retail bank, Marcus, to Ireland and Germany.
The company has held early-stage discussions with Irish regulators and is taking another look at Germany, where it once planned to launch in 2019, Bloomberg reported Tuesday (May 13), citing unnamed sources.
A representative for Goldman said in the report: “We remain focused on that business...
The latest data on household debt from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down some of their credit card debt in the first quarter of 2025.
But late-stage delinquencies on that revolving debt surged year over year. Student loan delinquencies also surged year over year, as past-due reporting on those loans returned to credit reports after...
Artificial intelligence (AI) could soon herald the biggest internet shake-up since dial-up gave way to WiFi.
With Perplexity AI in talks to reach a $14 billion valuation as it seeks to launch its own browser, Comet, to compete with tech giants like Google, AI might already be poised to do to traditional internet and information gateways what WiFi did to the ethernet cable.
At the center of this...
Coupa said Tuesday (May 13) that it has acquired Croatia-based Cirtuo to accelerate its roadmap for autonomous spend management.
The acquisition adds Cirtuo’s artificial intelligence (AI)-powered category management to Coupa’s AI-native spend management platform, Coupa said in a Tuesday press release.
Cirtuo’s solution helps procurement teams craft holistic category strategies, leverage supplier...
Automation platform Quadient has launched a partnership with payments company Nuvei.
The collaboration is designed to help businesses worldwide enhance their cloud payments capabilities, integrating Nuvei’s payment processing technology with Quadient’s accounts receivable (AR) and accounts payable (AP) automation tools, per a Tuesday (May 13) news release.
“With the integration of advanced global...
Global FinTech platform iCapital said Tuesday (May 13) that it will acquire Citi’s indirect subsidiary, Citi Global Alternatives.
Citi Global Alternatives is the adviser to Citi Wealth’s global alternative investment fund platform, iCapital said in a Tuesday press release.
When the transaction is completed, iCapital will manage and operate the fund platform, while Citi will continue to distribute...
Restaurant and small business software startup Owner.com is now a $1 billion company.
The company announced the new valuation Tuesday (May 13) following a $120 million funding round, saying it would use the funding to create a “Shopify” for local business owners, beginning with restaurants.
“The fate of every business is being determined by its online presence. Consumers make their offline buying...
Optimism among small businesses in the United States continues to fade, thanks partly to tariffs.
The April installment of the National Federation of Independent Business (NFIB) optimism index, released Tuesday (May 13), found that sentiment among small businesses declined for the fourth straight month.
“Uncertainty continues to be a major impediment for small business owners in operating their...