July 16, 2024
DOJ Filed Cert Petition in United States v. Brewbaker
By: Robert Connolly (Cartel Capers) The Department of Justice has submitted a cert petition to the Supreme Court seeking to overturn a Fourth Circuit decision that found a bid-rigging scheme...
July 16, 2024
US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the Department of Treasury’s Office of...
July 15, 2024
Gen Z Consumers 117% Likelier to Shop From Influencers
As social commerce comes to occupy a growing role in retail overall, Generation Z consumers are the most likely to seek shopping inspiration from influencers. By the Numbers The PYMNTS...
July 14, 2024
Corporate Bankruptcies Surge as Consumers Cut Back
U.S. corporate bankruptcies are at a level not seen since the early days of COVID. So far this year, there have been 346 business bankruptcy filings in the U.S., Seeking...
July 12, 2024
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO...
Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit...
July 12, 2024
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory...
Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics...
July 12, 2024
Paris Olympics Draws 18% More Sponsor Spending Than 2021
U.S. companies are reportedly looking to this summer’s Paris Olympics to put them ahead of their competitors. Event sponsors have spent 18% more on the upcoming Olympics than they spent...
July 11, 2024
Firms Look to Mitigate Consequences From Data Breaches
The interconnected nature of financial systems can have cascading consequences when data is compromised. And with the recent news that the June cyber breach at Evolve Bank & Trust has...
July 11, 2024
Will Olympics Bring About an Online Betting Bump?
Sportsbooks and daily fantasy operators are reportedly awaiting a bump in Summer Olympics-related betting. As CNBC noted in a report Thursday (July 11), this year’s Paris games will be the first Olympiad...