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Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees
May 10, 2024  |  Credit Cards

The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10)...

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FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
FSOC: Regulators, Congress Should Enhance Resilience of Nonbank Mortgage Companies
May 10, 2024  |  Real Estate

The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The...

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US House to Vote on Crypto Bill
US House to Vote on Crypto Bill
May 10, 2024  |  Cryptocurrency

A bill that promises regulatory clarity for digital assets has moved a step closer to a vote in the U.S. House. The House Committee on Rules said...

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IBM Launches Service to Help Enterprises Add GenAI Copilots
IBM Launches Service to Help Enterprises Add GenAI Copilots
May 10, 2024  |  artificial intelligence

IBM has introduced a new service that will help enterprises integrate generative artificial intelligence (AI) copilots into their organizations. Offered by IBM Consulting, the new IBM Copilot Runway will assist...

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McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024  |  Economy

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Franchisees — which...

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Duolingo Credits GenAI for 54% Leap in Paid Subscribers
Duolingo Credits GenAI for 54% Leap in Paid Subscribers
May 10, 2024  |  Subscription Commerce

Duolingo reportedly credits generative artificial intelligence (AI)-powered features for the 54% leap in paid subscribers it recorded in the first quarter. “What we’re seeing is that people are...

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Wells Fargo Launches Business Credit Card With Cash Rewards
Wells Fargo Launches Business Credit Card With Cash Rewards
May 10, 2024  |  B2B Payments

Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on...

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PhotonPay and Discover Partner on Commercial Card for Cross-Border Businesses
PhotonPay and Discover Partner on Commercial Card for Cross-Border Businesses
May 10, 2024  |  B2B Payments

Hong Kong-based global payment platform PhotonPay and Discover Global Network have partnered to launch a new commercial card designed for cross-border businesses. With this collaboration,...

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Sift Healthcare Raises $20 Million to Grow Payments Intelligence Platform
Sift Healthcare Raises $20 Million to Grow Payments Intelligence Platform
May 10, 2024  |  Investments

Sift Healthcare has raised $20 million in a Series B funding round to grow its artificial intelligence (AI)-powered Payments Intelligence Platform for the healthcare industry. The...

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