July 02, 2024
Mylan and CVS Avoid Class Action in EpiPen Price-Gouging Allegations
Mylan, CVS Health Corp. units, and other healthcare companies have successfully evaded a proposed class action lawsuit over alleged EpiPen price-gouging. The ruling, handed down by Judge Eric Tostrud of...
July 01, 2024
Thread Bank Responds to FDIC Enforcement Action
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution...
July 01, 2024
Cyber Insurance Premiums Fall Despite Ransomware Wave
Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses related to cybercrime, specialist insurance...
June 30, 2024
Redbox Goes Bankrupt as Streaming Video Kills the Rental Kiosk
Redbox’s parent has reportedly filed for bankruptcy protection after defaulting on loans and missing payroll. Chicken Soup for the Soul Entertainment, which acquired the DVD rental kiosk company in 2022,...
June 28, 2024
Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office’s multiyear litigation against the ridesharing companies. The settlement includes rules on wages,...
June 28, 2024
The FTC’s Focus on Private Equity is Warranted
The FTC’s focus on private equity in healthcare is warranted, as we have argued in these remarks, because PE firms make profit maximization over a period of just a few...
June 28, 2024
Paws for Thought: Putting UK Vet Acquisitions on a Tightened...
The veterinary sector in the UK has borne witness to notable consolidation over the past decade, a significant amount of which has been fueled by large corporate groups – particularly,...
June 28, 2024
Why More Banks Say Yes to Insurance as a Consumer...
As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity to meet this growing demand. A recent report from PYMNTS Intelligence and Franklin Madison shows...
June 28, 2024
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for...
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Nearly one-third of consumers say they are more interested in buying insurance from their FI than they were three years ago. PYMNTS Intelligence’s latest 33-page study, “Why Consumers Are Looking to Financial Institutions for Insurance,” a collaboration with Franklin Madison, features nine charts that explore how Gen Z and millennial insurance buyers are rejecting the status quo of more traditional sources for insurance.