Chicago, IL

PYMNTS

A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief information officer Diane Offereins, also claims the payments giant used her as a “scapegoat” for the company’s misclassification of credit cards as regulators examine Discover’s planned $35 billion merger with Capital One.

Ex-Discover Exec Sues to Recoup Pay Ahead of Capital One Merger

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. The regulator said this in a Thursday (Sept. 5) press release announcing findings from its annual report on debt collection, which it...

CFPB Says Debt Collectors Using Illegal Tactics

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NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

FinTechs that have invested in compliance, security and solid partnerships are well-positioned as regulation increases, Priority Technology Holdings CEO Thomas Priore writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”. In the fast-paced world of FinTech, wild cards can...

How FinTechs Can Thrive With Regulatory Uncertainty

Kansas City, MO

Last-mile delivery management firm Onfleet has integrated with fleet insurance firm Fairmatic. “Businesses that take advantage of the integration will develop a better understanding of their delivery drivers’ performance with a free driver analytics dashboard that can reduce insurance rates,” the companies said in a Wednesday (Sept. 4) news release.

Onfleet and Fairmatic Team on Reduced Fleet Insurance Rates

As bitcoin ATMs have been installed in more locations, they have become a “payment portal for scammers,” the Federal Trade Commission (FTC) said in a Tuesday (Sept. 3) data spotlight. The amount of money consumers lost to scams involving bitcoin ATM machines increased tenfold between 2020 and 2023,...

FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs

Colorado State

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Florida State

Uncovering Florida

Today, Attorney General Ashley Moody filed a lawsuit against the Biden-Harris administration for failing to provide public documents requested through a Freedom of Information Act (FOIA) filing. The March 2024 FOIA request sought records related to policies allowing the release of dangerous criminal illegal aliens from U.S. prisons into the general population rather than deporting them.

FL Attorney General Sues Biden-Harris Administration Over Release of Criminal Illegal Aliens

U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work in tandem to let users maximize credit card rewards and earn more on their savings balances, according to a Wednesday (Sept. 4) news release.

US Bank Debuts Savings and Credit Rewards Products

Seamless cross-border B2B payments remain one of the white whales of the connected economy. And with the news Friday (Aug. 30) that Bridge has raised an additional $40 million round to continue building its stablecoin-based global payment scheme, executing international transactions quickly and conveniently is increasingly top of mind for companies looking to capture market share in foreign markets.

The Convenience-Compliance Conundrum in Cross-Border B2B Payments

The number of Federal Reserve districts reporting flat or declining economic activity rose from five in July to nine in August. Only three of the 12 districts reported slight growth in economic activity in August, The Federal Reserve said Wednesday (Sept. 4) in a national summary of its August Beige Book.

More Federal Reserve Districts Report Flat or Declining Economic Activity

Lauderdale-by-the-sea, FL

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Akeena

For those who love the charm of a classic diner with generous portions of comfort food, Lauderdale-By-The-Sea offers some delightful options. Whether it's Lester's or Peter Pan, these spots are local favorites. But if you were planning to visit the beloved Diner By The Sea, you might be in for a surprise. This popular ocean-view diner was recently forced to close its doors temporarily following a state inspection that uncovered some concerning issues.

Over 40 rodent droppings, improper food thawing and a stop-sale order issued to Diner in Florida

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in a Tuesday (Sept. 3) speech before the Joint European Banking Authority and European Central Bank International Conference that within financial services, “digitalization … has brought great benefits, but has also increased the risk surface for cyberattacks. At the same time, hackers, money launderers and fraudsters have become much more sophisticated. Controls and systems that were effective a couple of years ago may not be effective today.”

OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks

Thomson, GA

Daily Coffee Press

A Georgia city mayor has been arrested by the Georgia Bureau of Investigation following an investigation and a grand jury indictment. According to GBI officials, the Thomson Police Department requested the agency to investigate an allegation that Thomson City Mayor, 52-year-old Benjamin Cary Cranford, provided alcohol to an inmate on work detail within the city limits on June 4, 2024.

Georgia City Mayor Arrested for Allegedly Giving Alcohol to an Inmate on Work Det

Thailand’s digital wallet stimulus plan has suddenly become less digital. As Reuters reported Tuesday (Sept. 3), Prime Minister Paetongtarn Shinawatra said the government’s planned 450 billion baht ($13.1 billion) “digital wallet” handout will be distributed in cash, a change from the government’s flagship policy. Initially,...

Thailand Adds Cash Payments to $13 Billion Digital Wallet Plan

Summer should get a speeding ticket, a wise person once said, and that’s a reality that all of us living in the Northern Hemisphere came to grips with last weekend. The Labor Day weekend marked the unofficial end of summer, and the start of the four-month sprint to the end of the year.

Nine Things Payments Execs Need to Know for Their 2025 Business Plans

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5). Applied Digital builds and leases out space in its...

Nvidia Contributes to $160 Million Applied Digital Funding Round

The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed to pay civil penalties and to implement improvements to their compliance policies and procedures, the regulator said in a Tuesday (Sept. 3)...

SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications

PayPal is integrating its debit card with Apple Wallet to enter the in-store payment arena. The company announced its omnichannel “PayPal Everywhere” solution Thursday (Sept. 5), and with it an expansion of its rewards program, letting users pick a monthly category of spending, such as groceries or clothing, to receive 5% cash back.

Paypal Tackles In-Store Payments With ‘PayPal Everywhere’

Honolulu, HI

Credit union service organization (CUSO) Velera will provide debit card processing support to HawaiiUSA Federal Credit Union, which delivers services to more than 132,000 members. This marks an expanded partnership of the two organizations, as the CUSO already provides credit card processing support to the Honolulu-headquartered credit union, Velera said...

Velera to Provide Debit Card Processing to HawaiiUSA Federal Credit Union

Kentucky State

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Jefferson County, KY

Louisville, KY

Northern Kentucky Tribune

Federal, state and local public health officials have confirmed the first case of the Oropouche virus in Kentucky and Jefferson County in a person who had returned to Louisville after traveling to the Caribbean.

Health officials report first case of Oropouche virus, aka ‘Sloth Fever,’ confirmed in Kentucky

NewsBreak

Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to pay...

Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans

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