September 05, 2024
Nubank Defends Lending Practices as Late Payments Jump

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth, with around 60% of Brazilian...

September 05, 2024
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical...

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. The regulator said...

September 05, 2024
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up...

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general. However, the report revealed trends...

September 05, 2024
Nvidia Contributes to $160 Million Applied Digital Funding Round

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip...

September 04, 2024
US Bank Debuts Savings and Credit Rewards Products

U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work in tandem to let users...

September 04, 2024
PayPal-Backed Ume Raises $15 Million to Expand Payment Network

Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and medium-sized businesses (SMBs) on Pix....

September 03, 2024
Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as...

Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S. Stein has stepped down as CEO and chief restructuring officer, while the company’s executive...

September 03, 2024
Zilch Exceeds $130 Million in Revenue and Marks First Monthly...

Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a Tuesday (Sept. 3) press release....

September 03, 2024
Nine Things Payments Execs Need to Know for Their 2025...

Summer should get a speeding ticket, a wise person once said, and that’s a reality that all of us living in the Northern Hemisphere came to grips with last weekend....