Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Meanwhile, FTX’s new CEO — who recently said he’d never seen a company so poorly run — painted a slightly rosier picture of...
The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and accessories, The Wall Street Journal reported. Giant suppliers that include Columbia Sportswear Co., Nike and...
Amid rising scrutiny over government debt and longer payments to contractors, Italy has churned up debate with its consideration of so-called mini-bills to pay state debts, a proposal that has critics worried about the potential ramifications of such a plan. Reports in Reuters on Sunday...
The Consumer Financial Protection Bureau (CFPB) just recently filed suit against four online lenders for allegedly collecting on consumer debts they were not legally owed. The CFPB suit, filed in federal court, alleges that Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial,...
October 27, 2023
Despite the decrease in inflation rates, living paycheck to paycheck remains a widespread financial reality for many consumers in the United States, encompassing over 60% of the population, PYMNTS Intelligence data shows. As a result, a significant share of consumers continue to struggle with managing their finances — a challenge that fluctuates with the seasons, according […]
November 20, 2022
Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Meanwhile, FTX’s new CEO — who recently said he’d never seen a company so poorly run — painted a slightly rosier picture of the exchange’s subsidiaries after beginning a strategic review of the […]
July 15, 2020
The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and...
April 28, 2017
The Consumer Financial Protection Bureau (CFPB) just recently filed suit against four online lenders for allegedly collecting on consumer debts they were not legally owed. The CFPB suit, filed in...
