PYMNTS

Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to use Chase credit cards to pay for third-party Buy Now Pay Later (‘BNPL’) installment plans. Payments to these installment plans (e.g., Klarna, AfterPay, etc.) using your Chase credit card will be declined.”

Chase to Decline Credit Card Payments for Third-Party BNPL Plans

Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company’s card sales slipped year on year. CFO John Greene said on the Thursday (July 18) earnings call that Discover card sales were down 3% from the prior year. Supplemental materials from Discover indicate that Discover’s credit card sales volumes were $53.4 billion in the most recent quarter. The company’s PULSE volumes were up 18%, driven by an increase in debit transaction volumes.

Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious’

Indian cryptocurrency exchange WazirX said Thursday (July 18) that it lost more than $230 million in a cyberattack. “This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds,” the company said in a preliminary report posted on its website. “We have already blocked a few deposits and reached out to concerned wallets for recovery. We are in touch with the best resources to help us in this endeavor.”

Cryptocurrency Exchange WazirX Loses $230 Million in Cyberattack

Slope has secured $65 million in strategic equity and debt funding to scale its B2B payments platform for enterprise companies. The funding was provided by J.P. Morgan Payments, Y Combinator, Jack Altman and Max Altman’s new fund, Saga, Slope said in a Wednesday (July 17) press release. The company...

J.P. Morgan Payments Backs B2B Payments Platform Slope

Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers. Lemonade shares surged more than 21%. In a Tuesday (July 16) announcement, Lemonade said that it had launched...

FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

Hamilton Township, NJ

Rainbow Shops, a popular clothier known for its youth clothing, is preparing to shut down its location at the Hamilton Mall in Hamilton Township, New Jersey. The store is currently offering a hefty 40% discount on all items as part of its liquidation sale.

Popular Clothing Store Offers Offers Deep Discounts, Closing 950 Locations in Struggling Mall

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

North Carolina State

Town Talks

Can You Park in Front of Someone’s Property in North Carolina?. Parking on crowded city streets and neighborhoods can be challenging, and many wonder if it's permissible to park in front of someone’s property. Here's a breakdown of North Carolina's parking rules:

Can I legally park in front of someone’s home? What North Carolina law says

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Oregon State

Youngstown, OH

A look at some recent news from the pharmacy world. Rite Aid, a familiar name in communities across the country, is facing some tough times. After filing for bankruptcy, they've now announced the closure of four additional locations, adding to the more than 200 stores already shuttered. These closures are part of Rite Aid's strategy to reevaluate its retail presence and navigate through financial challenges.

A well-known pharmacy is closing four more stores because they went bankrupt

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

As Amazon and Walmart compete to win consumers’ retail spending, it seems the former may have had more success with its summer deals event than the latter, widening the gap beyond even last year’s marked disparity. The eCommerce behemoth shared Thursday (July 18) that Prime Day participation reached...

Amazon’s Prime Day Leaves Walmart+ Deal Days in Summer Haze

New Jersey State

Newark, NJ

Morristown Minute

ESSEX COUNTY, N.J. - In a notable case from Essex County, New Jersey, 32-year-old Mahogany Hawkins of Newark has been sentenced to 10 years in prison for her involvement in drug trafficking, specifically cocaine and methamphetamine.

Newark Woman Gets 10-Year Sentence for Drug Trafficking

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

NewsBreak

Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos

Singapore’s DBS Bank is reportedly set to begin a custody service for stablecoin reserves. It’s part of a collaboration between the city-state’s largest lender and a...

Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos

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