Justin Bachman

Grand Rapids

Reporter at WZZM-TV (Grand Rapids, MI)

No idea where I’m headed but I’m making great time

Articles

CFPB to yank ‘unlawful’ open banking rule | Payments Dive

1 week ago | paymentsdive.com | Justin Bachman

That move bends to bank groups that filed a lawsuit last year to block the Consumer Financial Protection Bureau rule aimed at making it easier for consumers to move their financial accounts.
Fintech association to defend open banking in court

3 weeks ago | bankingdive.com | Justin Bachman

The Financial Technology Association can intervene in a lawsuit bank trade groups brought seeking to quash a Consumer Financial Protection Bureau rule outlining a new U.S. open banking system, a federal judge ruled Wednesday. The association argued that the bureau was unlikely to defend its members’ interests in a case brought by banking groups over implementation of the open banking rule.
Marqeta chief focuses on revenue diversity, execution

3 weeks ago | finance.yahoo.com | Justin Bachman

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. In late February, Marqeta replaced its former chief executive, naming Mike Milotich, the chief financial officer, to the additional role of interim CEO. It’s a title he might hold for a while as Milotich says Marqeta’s board is comfortable with the current executive team, allowing directors to conduct a thorough, deliberative search.
Marqeta chief focuses on revenue diversity, execution

3 weeks ago | bankingdive.com | Justin Bachman |Justin Bachman

In late February, Marqeta replaced its former chief executive, naming Mike Milotich, the chief financial officer, to the additional role of interim CEO. It’s a title he might hold for a while as Milotich says Marqeta’s board is comfortable with the current executive team, allowing directors to conduct a thorough, deliberative search.
Visa sees economic uncertainty starting to curb travel spending

1 month ago | hoteldive.com | Justin Bachman

This audio is auto-generated. Please let us know if you have feedback. Spending for air travel and lodging has slowed amid general economic uncertainty, Visa executives told analysts as they reported quarterly results. Weaker currencies and a shift in the Easter and Ramadan holidays into the April quarter also affected travel volume, Visa said.
PayPal targets European branded service growth

1 month ago | finance.yahoo.com | Justin Bachman

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Justin Bachman Wed, Apr 30, 2025, 3:00 AM 4 min read In This Article: This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter.
Ramp reportedly angles for part of $700B US credit card program

1 month ago | bankingdive.com | Justin Bachman

Fintech startup Ramp has leveraged its political connections for at least four meetings with Trump administration appointees at the General Services Administration in seeking a contract for a project to revamp a $700 billion charge card federal employees use, according to a ProPublica report. The GSA did not respond Friday to a message from Payments Dive seeking comment.
Spire pushes pay-by-bank model

1 month ago | paymentsdive.com | Justin Bachman

For many merchants, a lower-cost payment alternative to credit and debit cards has been their chief goal for years. Players across the payments industry are pushing to bring the bank account to the point of sale to give merchants an even less-expensive option. Spire announced a new “Pay with Spire” merchant-branded offering earlier this month with Discover Financial Services to bring pay-by-bank into the realm of routine daily spending, such as coffee, gasoline and rideshares.
NY AG sues MoneyLion, DailyPay

1 month ago | bankingdive.com | Justin Bachman

The New York Attorney General is suing earned wage access providers DailyPay and MoneyLion, alleging they made “illegal, high-interest loans” to tens of thousands of workers with fees that “amount to outrageous annual interest rates in the triple digits.”The lawsuits allege the companies’ practices “constitute illegal and deceptive conduct and abusive lending practices” that violate New York usury laws.