September 10, 2024
Unregistered Crypto ATMs Lead to Landmark UK Prosecution 

A British regulator has charged a London man for operating several unlicensed crypto ATMs. Olumide Osunkoya, 45, has been charged with a running series of unlicensed machines that let users...

September 10, 2024
Capital Costs vs. Economic Growth: The Fed’s Balancing Act on...

Regulators have scaled back capital requirements for banks, reducing the holdings that must be on the books to buffer against economic and other shocks. But the ripple effect, even with...

September 09, 2024
Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic...

Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and where and how they’re spending...

September 09, 2024
Draghi Report Says EU Faces ‘Existential’ Competitive Challenge for Tech...

A new report published Monday (Sept. 9), which was spearheaded by former European Central Bank President Mario Draghi, paints a stark picture of the European Union’s declining competitiveness and calls...

September 09, 2024
FBI Says 50% of All Financial Fraud Losses Involve Cryptocurrency

The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in part to the use of...

September 09, 2024
DailyPay Rebrands Card as Workers Seek On-Demand Pay

Earned wage access company DailyPay is rebranding its prepaid Visa card. The card, previously known as the “Friday by DailyPay Visa Prepaid Card,” will now be known as the “DailyPay Visa Prepaid Card,” and...

September 08, 2024
Ecommerce Firm Thrasio’s Collapse Leads to Private Equity Fight

The collapse of eCommerce startup Thrasio has reportedly triggered a fight between its former private equity backers. Oaktree Capital Management has written a letter to private equity (PE) firms Silver...

September 06, 2024
70% of US Consumers Feel Stressed About Personal Finances

In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings. Rising financial pressures and living...

September 05, 2024
Drip Secures $113 Million to Grow Digital Trade Finance Platform

Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance. The company has quadrupled its...