March, 2025

March, 2025

Interest Rate Caps Threaten Credit Access and FinTech Partnerships
There have been pockets of momentum to curb interest rates charged for balances credit cards and for loans extended by FinTechs. But the impact may be one where lending is actually curtailed, particul...

Albertsons Says CEO Vivek Sankaran to Retire May 1
Albertsons Companies said Monday (March 3) that CEO Vivek Sankaran will retire May 1 and will be succeeded by Executive Vice President and Chief Operations Officer Susan Morris, effective the same day...

FTC Lawsuit Temporarily Halts ‘Phantom Debt Collection’ Scheme
The Federal Trade Commission (FTC) said Monday (March 3) that its lawsuit led a federal court to temporarily halt the operations and freeze the assets of a “phantom debt collection” scheme and its...

AI Drives ThredUp’s 32% Growth in New Customer Volume
Artificial intelligence (AI) is at the core of ThredUp’s strategy, driving growth and improving customer engagement. New customer volume rose 32% year over year, according to CEO and Co-Founder Jame...

Report: SEC Offering Eligible Employees $50,000 to Resign or Retire
The Securities and Exchange Commission (SEC) is reportedly participating in the Trump administration’s effort to reduce the size of the federal government by offering eligible Commission employees...

BMO to Deploy Quantum Computing Technology by Year’s End, Says Chief AI Officer
BMO Financial Group, one of the largest banks in North America with $1.4 trillion in total assets, is getting ready to reap the benefits of quantum computing by the end of the year. That’s according...

Anthropic Raises $3.5 Billion to Develop Next-Generation AI Systems
Anthropic raised $3.5 billion in a Series E funding round to expand its artificial intelligence offerings. “With this investment, Anthropic will advance its development of next-generation AI systems...

CFPB, Crypto and Consumer Confidence: Inside DC’s Unpredictable Regulatory Storm
If you’re tracking the mania in Washington, D.C., from a financial services perspective these days, you might notice that it’s starting to resemble a weather forecast. Last week was partly manic,...

Capital One and Wells Fargo Rated ‘Outstanding’ in CRA Compliance
Capital One and Wells Fargo are among 10 financial institutions rated “outstanding” in the Office of the Comptroller of the Currency’s (OCC) latest list of Community Reinvestment Act (CRA) perfo...

SEC Crypto Task Force Staff Announced
The newly announced SEC Crypto Task Force has provided an update on the staff engaged with aiding the process of providing regulatory clarity for digital assets. In a release today, the SEC outlined...

June

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B&T Television

June