Paige Smith
Consumer Finance Reporter at Bloomberg News
consumer finance reporter with @business \ @blaw, @COMatBU alum \ [email protected] \ Tweets = mine \ RTs ≠ endorsements
Articles
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1 week ago |
news.bloomberglaw.com | Joshua Sisco |Paige Smith
The federal judge overseeing the Justice Department’s antitrust lawsuit against payments giant Visa Inc. expressed skepticism at the company’s effort to dismiss the case at the current early stage of the litigation. At a hearing on Thursday in Manhattan federal court, US District Judge John Koeltl asked a lawyer for Visa several times why he should throw out the case now, when a number of factual disputes remain.
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1 week ago |
bloomberg.com | Joshua Sisco |Paige Smith
The DOJ alleged that Visa entered into multiple agreements penalizing merchants who sought alternatives and paid potential rivals to stay out of the market. (Bloomberg) -- The federal judge overseeing the Justice Department’s antitrust lawsuit against payments giant Visa Inc. expressed skepticism at the company’s effort to dismiss the case at the current early stage of the litigation.
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1 week ago |
news.bloomberglaw.com | Paige Smith
MoneyGram International Inc. is looking to return to the public markets at some point in the next several years, according to the firm’s top executive. The timeline for a public offering wouldn’t be as soon as this year, however, Chief Executive Officer Anthony Soohoo, who joined in October after serving as an executive at Walmart Inc., said in an interview with Bloomberg TV Thursday.
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1 week ago |
bloomberg.com | Paige Smith |Michael O'Boyle
The US Capitol Building in Washington, DC, US, on Saturday, April 5, 2025. Protesters rallied around the US against President Donald Trump and Elon Musk, seeking to defend the country from an administration they say threatens basic civil rights and calling for a halt to efforts to downsize the government.
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1 week ago |
news.bloomberglaw.com | Paige Smith
A proposed 3.5% tax on remittance transfers should be killed because it invades consumer privacy and would encourage the use of unregulated money-movement services, payments-industry trade groups told US lawmakers.
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One nugget folks may have missed: The former CFPB director wanted apps to more clearly warn consumers about the risks of nonbanks. "According to people familiar with the situation, the CFPB under Chopra had been considering enforcement options related to the account freeze."
When Synapse -- a financial technology firm that took care of the nuts and bolts of banking for fintech apps and their users -- collapsed almost a year ago, left behind was a tangled mess of records. No one was sure who owed what to whom. (1/5) https://t.co/9LrDdD6hpp
RT @cfb_18: When a software company called Synapse failed, some app users lost access to money in FDIC-insured bank accounts. How is that e…
RT @yiqinsh: A big reversal on $COF $DFS spread today, which has erased all the tightening since trump's election win More details here wi…