December, 2024

December, 2024

CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
A federal judge has upheld an order blocking a cap on credit card late fees. U.S. District Judge Mark Pittman in Fort Worth declined last week to dissolve an injunction he issued in May to block the C...

TikTok Shop Holiday Spending Jumps Despite Ban Threat
If this is TikTok’s last Christmas in America, it’s not going out quietly. The social media platform’s shopping arm, TikTok Shop, has seen heavy levels of consumer spending so far this holiday s...

OpenAI Aiming to Eliminate Microsoft AGI Rule to Boost Future Investment
OpenAI could reportedly give Microsoft access to its as-yet-unrealized artificial general intelligence (AGI). As it stands now, the artificial intelligence (AI) startup has a provision that blocks Mic...

Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
New Federal Reserve data shows American consumers’ credit card debt continuing to climb. The data, released Friday (Dec. 6), showed U.S. consumer credit climbing from $5.093 trillion in September to...

BNP Paribas Wealth Management Shares Key Investment Trends Expected in 2025
BNP Paribas Wealth Management noted that in 2025, investors should keep front of mind a few select trends, especially in a challenging context. First, BNP Paribas noted that lower interest rates will ...

Financially Unhealthy SMB Owners Borrow Off Credit Cards: Study
While 83% of U.S. small businesses expect more good than bad things to happen for their companies, 51% are categorized as financially unhealthy. Among those who are financially unhealthy, 61% are car...

Finance Automation Firm Tipalti Accelerates Business Growth with Canadian Expansion
Finance automation firm Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports A...

Equifax, Mastercard Beef Up Latin American Fraud-Protection Services
Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment frau...

Lamudi Acquires Indonesian Fintech Ideal to Enhance Mortgage Services
Indonesia-based real estate marketplace Lamudi, a subsidiary of Australia’s Digital Classifieds Group, announced the acquisition of Ideal, a Fintech aggregator specializing in mortgage products in I...

Blockchain Analytics Firm Nansen and Gravity to Provide Data-Driven Dashboards for Web3 Ecosystem Growth
Nansen announced their new partnership with Gravity, which is described as a high-performance Layer 1 blockchain built by Galxe. According to the update from Nansen, this partnership aims to equip Web...

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B&T Television

December