It’s finally Friday, the superhero of the workweek. Today is Friday (April 15), but taxes aren’t due — yet. Tax Day was bumped to Monday (April 18) as numerous religious sects honor and commemorate the upcoming days and week ahead.
President Biden is expected to officially nominate Michael Barr to police the nation’s banks, while delivery pioneer Gopuff poached a former Amazon executive to head its efforts in North America. Here’s what else should be on your radar this morning.
Biden Will Nominate Barr: President Biden is expected to nominate former Obama Treasury official Michael Barr to police the country’s banks as vice chairman of banking supervision for the Federal Reserve. Barr was instrumental in designing the 2010 Dodd-Frank Act, which resulted in the creation of the Consumer Financial Protection Bureau (CFPB) and was one of the most expansive overhauls of financial regulation in U.S. history. READ MORE
Gopuff Delivers New Exec: Former Amazon executive Maria Renz is leaving her SoFi position as executive vice president of consumer finance and wealth management to take the role of senior vice president of North America for food delivery startup Gopuff. Renz will start in May and oversee Gopuff’s strategy and execution in the U.S. as the company moves to continue expansion efforts across markets. READ MORE
Spending More for Less: Record-high, runaway inflation means that consumers are buying less but spending more. The average spending on groceries went up by $11 to $110, and retail spending rose by $24 to $103. In the April 2022 U.S. Edition of Digital Economy Payments: How Consumers Pay In The Digital World, PYMNTS takes an in-depth look at consumer shopping behaviors, preferences and go-to payment methods. READ MORE
Compliance Balancing Act: Technology is moving faster than regulations can keep up with, making it especially challenging for eCommerce firms to meet consumers’ and compliance expectations. The balancing act of maintaining compliance while adopting new tech and innovating is examined in the New eCommerce Ecosystem Mandate Playbook: Delivering Seamless Payment Experiences, a PYMNTS collaboration with Citi. READ MORE
Subscribing to Innovation: Retail subscription commerce companies could be leaving $2.2 billion on the table every month by lagging behind in innovation and neglecting user experience, PYMNTS research shows. PYMNTS’ Karen Webster was joined by Sticky.io CEO Brian Bogosian, Wantable CEO Jalem Getz, Beachly Brands CEO Kevin Tighe II, and Fish Fixe Co-Founder Emily Castro to discuss the joys and concerns of recurring revenue in troubled times. READ MORE
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