paypal

Why PayPal is suing the CFPB over its prepaid card rules

12/12/19

PayPal — which is rarely thought of as a prepaid card company — has filed a lawsuit against the CFPB over its rules on prepaid accounts, underscoring the rapid changes in digital financial services and PayPal’s own expanding financial services ambitions in recent years.

[more]

Challenger bank tailors rates to encourage savings

11/08/19

HMBradley will assign interest rates according to how much customers set aside from direct deposits each month.

[more]

Is Big Tech’s ‘for the people’ rhetoric legit?

11/03/19

Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.

[more]

Zuckerberg makes his case to Congress; GAO opinion could help banks

10/24/19

Facebook CEO says the company won’t purse Libra anywhere if U.S. regulators disapprove; the agency says “guidance” was actually “rules.”

[more]

Don’t buy what Zuckerberg’s selling on Libra

10/22/19

Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.

[more]

PayPal’s Synchrony pact gives rise to a Venmo credit card

10/17/19

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

[more]

Visa, Mastercard, Stripe and eBay bail on Facebook's Libra ahead of key meeting

10/11/19

As regulatory pushback against Facebook's Libra cryptocurrency has accelerated, keeping the project together has become a major challenge, with Visa, Mastercard, Visa, eBay and Stripe joining PayPal in leaving the project.

[more]

PayPal exit from Facebook project shows power of D.C.’s disapproval

10/09/19

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.

[more]

PayPal quits Libra project; HSBC to cut 10,000 employees

10/07/19

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

[more]

What it means for Facebook's Libra to lose PayPal

10/04/19

Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.

[more]