U.S. Commerce Secretary Gina Raimondo met with CEOs from big names like Amazon and Apple in the early months of her tenure, which could be a point of critique for progressives, Bloomberg wrote. The data came from a copy of her April 2021 calendar. Reports...
The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). The virus has spurred a flurry...
Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity or have fully stopped operations amid the pandemic. March retail sales were revised downward by 8.3 percent. Sales of apparel...
Quick: Who’s the biggest retailer in the U.S.? Not Walmart (5,500 stores). If you want to go to QSRs, it’s not even Starbucks (14,000) or Subway (24,000). In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in...
November 13, 2019
The timing seems about right. As a brand-new decade looms – one that promises great strides for digital payments and commerce – digital ID, already on the ascent, is getting a big seal of approval from an influential global group. The approval serves as a signal that digital ID efforts are ready to grow up […]
November 29, 2016
Short-term lending was the star of a melodrama that managed to last the entire year as the ecosystem prepared for — then reacted to — the CFPB's proposed payday lending...
September 14, 2022
Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. The regulators have repeatedly met with executives of the bank and have cautioned them that it could take more actions if the bank doesn’t speed the improvements to its risk-management system, The Wall Street […]
August 31, 2022
U.S. Commerce Secretary Gina Raimondo met with CEOs from big names like Amazon and Apple in the early months of her tenure, which could be a point of critique for...
May 15, 2020
Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity or have fully stopped operations...
December 05, 2019
A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The season...
