The Trump administration dismissed the Consumer Financial Protection Bureau’s lawsuit against National Collegiate Student Loan Trusts. The $2.25 million settlement between the government and trusts was expected to go to impacted private student loan borrowers. U.S. President Donald Trump looks ...

CALIFORNIA, UNITED STATES — Five9 has laid off 120 employees or 4% of its workforce— marking its second round of job cuts since August 2024. The cloud contact center provider, facing activist investor pressure and artificial intelligence (AI) disruption, continues ...

The Federal Reserve has withdrawn four crypto-asset related advisories, including ones that required banks to inform the Fed of planned activities in advance or receive a non objection letter. The two other main federal banking regulators, the Office of the ...

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. Become A Member When Lakota Federal Credit Union opened its doors in 2012 in Kyle, South Dakota, ...

How do consumers calculate interest rates as part of their financial planning? A PYMNTS Intelligence study, titled “How Financial Lifestyle Impacts Consumer Perception of High Interest Rates,” surveyed 2,364 U.S. consumers and analyzed additional economic data to explore the financial ...

The Federal Deposit Insurance Corporation (FDIC) announced plans to eliminate approximately 1,250 positions across most of its departments. This, according to an internal email that was reportedly sent to staff recently and obtained by American Banker. This significant reduction is ...

Southfield, Michigan, April 24, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company”, "Credit Acceptance”, "we”, "our”, or "us”) announced today that on April 24, 2025, the Consumer Financial Protection Bureau ("CFPB”) filed an unopposed ...

Coinbase is removing fees for purchases of PayPal's dollar-backed stablecoin Coinbase and PayPal will collaborate on “stablecoin based solutions” for payments and commerce as well as potential use cases for PYUSD in decentralized finance. Earlier this week, stablecoin titan Circle, ...

As the economy faces potential challenges, credit card companies are taking proactive measures to prepare for a downturn. These companies, recognizing the possibility of more customers struggling to pay their bills, are tightening lending practices and setting aside funds to ...