March, 2025

March, 2025

FTC Adds Defendants in Case Alleging Unlawful Debt Relief Operation
The Federal Trade Commission (FTC) has added more defendants in its case against student loan debt relief operation Superior Servicing and its operator, Dennise Merdjanian. The regulator’s amen...

Report: CoreWeave’s Downsized IPO Signals Cooling of Enthusiasm for AI
CoreWeave’s downsizing of its initial public offering (IPO) reportedly signals a cooling of investor enthusiasm for artificial intelligence IPOs and for IPOs in general. The company, which offers cl...

Cleo AI to Pay $17M As Result of FTC Lawsuit Charging Firm “Deceived” Consumers
Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company allegedly “deceived” consumers about “how much money the...

Fintech Tuum and Fiinu Reactivate Core Banking Agreement to Support White-Label Expansion
Tuum, a “next generation” core banking provider, announces the renewal of its core banking software services agreement with Fiinu Plc, a UK-based fintech and creator of the Plugin Overdraft. This ...

LatAm Spend Management Fintech Mendel Reports Series B Round
Mendel, Latin America’s enterprise spend management platform, announced the closing of a $35 million Series B round led by Base10 Partners with participation from PayPal Ventures, and “support fro...

CFPB Reverses Course on Controversial BNPL Rule Amid Legal Pushback
The Consumer Financial Protection Bureau (CFPB) is poised to abandon its interpretive rule that would have subjected buy now, pay later (BNPL) “pay-in-four” lenders to the same regulatory framewor...

Retail Banking Customer Satisfaction Surges as Banks Ramp Up Support in Uncertain Economic Environment – Report
In an uncertain economic environment in which overall consumer financial health,1 total deposits, annual household income and total investments are declining, retail bank customer satisfaction is on t...

SEC Closes Crypto.com Investigation with No Action
The U.S. Securities and Exchange Commission (SEC) has reportedly informed Crypto.com that it has officially closed its investigation into Crypto.com and will file “no enforcement action against the ...

South Carolina Proposes Bitcoin Reserve to Hedge Against Inflation
South Carolina’s House of Representatives has introduced a bill that would allow the state treasurer to establish a Bitcoin reserve as part of a broader effort to hedge against inflation and diversi...

Engagement Banking Fintech Backbase Selected By Tirana Bank to Enable Digital Transformation
Backbase, the engagement banking provider, announces Tirana Bank has chosen its Engagement Banking Platform to power an ambitious digital transformation that will aim to “reshape banking experiences...

June

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B&T Television

June