Tom Nawrocki

California’s ban on overdraft fees at ATMs went into effect at the start of the year. Coupled with the Consumer Financial Protection Bureau’s new rule last month limiting overdraft fees to $5, this could signal the beginning of the end for these charges.

For online merchants, ESG is a practical concern that is important not only for how it can affect the environment but their bottom line.

The Consumer Financial Protection Bureau (CFPB) has finalized a rule banning medical bills from being considered on credit reports.

Gift cards continue to be a popular present, with more consumers increasingly using them to buy everyday essentials, leaving fewer unused and forgotten in the back of a drawer.

January 9 marks the deadline for all payment service providers (PSPs) in the eurozone to be able to receive instant payments, as mandated by the Instant Payments Regulation (IPR) adopted in March 2024. PSPs have until the end of the year to be able to send instant payments as well.

Both incoming chairs of the subcommittees for digital assets have a strong history of support for cryptocurrency.

The Clearing House’s RTP network saw the total value of its processed instant payments nearly double in 2024.

Klarna’s new distribution partnership with Stripe will make the Swedish fintech’s buy now, pay later service available as a payment option for merchants using Stripe in 26 countries. As Klarna prepares for its IPO, this alliance underscores the company’s commitment to BNPL, which remains the cornerstone of its growth strategy.

Friendly fraud results in losses of more than $100 billion a year, but most people who commit this crime feel justified in their actions.

The headlines surrounding the American Express settlement trumpet that the credit card giant is paying $138 million to rectify concerns over niche products intended for small and mid-sized businesses. What the headlines don’t mention is that the company took steps to resolve this issue long before federal authorities became involved. Amex not only discontinued the problematic services in 2021, but also fired members of the team responsible for them.