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Treasury Secretary Scott Bessent has appointed Derek Theurer, who joined the department in January as counselor, to perform the duties of deputy secretary of the Treasury.
As counselor, Theurer assisted Bessent with global tax negotiations and the enactment of President Donald Trump’s tax cuts, the Treasury Department said in a Tuesday (Oct. 7) press release.
Theurer was nominated in...
As FinTechs seek to broaden their reach, many are turning to bank charters as a means of expanding product lines, cutting through state-by-state licensing and gaining direct access to the U.S. financial system.
From Stripe’s merchant acquirer charter in Georgia to Nubank’s bid for a national charter, the surge underscores both opportunity and scrutiny in banking’s new frontier....
The city of Baltimore accused FinTech MoneyLion of misleading consumers.
In a lawsuit filed Monday (Oct. 6), the city alleged the company violated Baltimore’s consumer protection ordinance “by misleading and manipulating consumers into taking out high-cost, high-frequency, small-amount, short-term loans known as Instacash advances,” according to a Monday press release.
“MoneyLion has...
The European Union reportedly proposed sanctions on a ruble-backed stablecoin called A7A5.
The coin is tied to Russians who are themselves under sanctions, Bloomberg reported Monday (Oct. 6), citing EU documents.
The restrictions would prohibit any engagement, directly or indirectly, by EU-based entities in transactions involving the token. The bloc is also set to target several banks...
The Office of the Comptroller of the Currency announced new guidance and proposed rulemakings Monday (Oct. 6), saying it aims to reduce “regulatory burden” for community banks and promote economic growth.
“Today’s actions relieve these banks of regulatory burden and unproductive reporting requirements, so they are better positioned to support their communities and drive economic growth...
Velera has launched its next-generation system designed to protect credit unions and their members from fraud.
The new Risk Mitigation Ecosystem features a cloud-based, multilayered approach and is designed to combat new and emerging threats, including consumer-engaged (or first-party) fraud and scams, the credit union service organization and integrated financial technology solutions...
B2B’s AI moment isn’t about shiny demos. It’s about turning the back office into a decision engine. And PYMNTS is set to track that journey with its month-long virtual event B2B.AI: The Architecture of Intelligent Money Movement. It’s a virtual program built for operators: CFOs, treasurers, product leads and platform builders who want the playbooks behind AI that have proven value in B2B...
If 2025 has taught the payments and digital economy anything, it’s that volatility is now a feature, not a bug.
Trade routes were replotted, consumer confidence wobbled, artificial intelligence left pilot, and new rails moved to production. As we step into Q4, the headlines aren’t just loud; they’re directional. Which ones matter now?
This eBook distills five themes for Q4.
1) Speed...
By the close of this year, the persona to watch in corporate finance may not be the cost-cutting controller or the risk-nothing gatekeeper. It will be the adaptive CFO or treasurer: the leader whose playbook treats volatility not as a shock to absorb, but as a competitive runway.
That’s according to findings from the 2025/2026 Growth Corporates Working Capital Index, a Visa report in...
It’s football season. It’s new streaming show season. And it’s new movie season. No better time to check in on streaming apps in the PYMNTS app provider rankings where we found that ESPN’s move from cable channel to streaming app has worked better than a quarterback having a hot game.
The PYMNTS.com Streaming Apps page offers a monthly ranking of smartphone Streaming Apps, assessing...