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U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA) Reauthorization bill.
Marshall asked the Senate for unanimous consent for a vote to add the CCCA to the Reauthorization bill Wednesday (May 8), according to a press release issued by his office.
Speaking on the Senate floor Wednesday, Marshall...
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues.
Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities.
The commercial real estate (CRE) sector continues to feel the effects of the...
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues.
Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities.
The commercial real estate (CRE) sector continues to feel the effects of the...
Airbnb’s first quarter results showed growth in listings and in nights booked.
And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.
But stable growth, forecast by management for the current quarter, left investors unimpressed, at...
Airbnb’s first quarter results showed growth in listings and in nights booked.
And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.
But stable growth, forecast by management for the current quarter, left investors unimpressed, at...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far.
The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on consumer credit detailed that use of revolving debt — which includes credit cards — slowed to an annualized pace of 0.1...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far.
The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on consumer credit detailed that use of revolving debt — which includes credit cards — slowed to an annualized pace of 0.1...
Keeping it simple can often pay off in spades down the line.
That’s the tack that the company formerly known as FLEETCOR Technologies hewed to this March when rebranding to a cleaner, simpler “Corpay.”
But the company name isn’t the only thing that Corpay is streamlining.
During its first quarter 2024 earnings call Wednesday (May 8) — Corpay’s first under the new name and brand — the corporate...
The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under investigation.
Despite criticism from industry bodies and lawmakers, the FCA told the Treasury Committee Wednesday (May 8) that it remains committed to its initiative, Reuters reported Wednesday.
The FCA...
Instacart is seeing in-store technologies impact grocery shoppers’ spending and loyalty.
The aggregator’s CEO, Fidji Simo, noted in a letter shared with investors Wednesday (May 8) discussing its first-quarter 2024 earnings results that, according to merchants who have deployed the company’s Caper Cart smart self-checkout shopping carts, “people are seeking out stores” that offer the technology,...