Paige Smith

6 days ago | news.bloomberglaw.com | Paige Smith

The Consumer Financial Protection Bureau discontinued its order designating the supervision of Alphabet Inc.’s Google Payment Corp., reversing a Biden-era decision to monitor the nonbank financial platform. The supervision of Google Payment would be “an unwarranted use of the Bureau’s powers and resources,” acting CFPB director Russell Vought, who was appointed by President Donald Trump, said in a May 7 memo seen by Bloomberg News. The CFPB didn’t immediately respond to a request for comment.

6 days ago | bloomberg.com | Paige Smith

A Costco store in Teterboro, New Jersey(Bloomberg) -- Costco Wholesale Corp. is tapping Affirm Holdings Inc. to let the retailer’s online shoppers pay over time for a transaction, an option that’s been helping many merchants sell bigger-ticket items and gives consumers more comfort in buying them. Customers, if approved, will be able to select monthly Affirm payment plans for Costco transactions, according to a shareholder letter Thursday.

6 days ago | bloomberg.com | Paige Smith

The US Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC, US, on Monday, Feb. 10, 2025. In another weekend takeover of a federal agency's operations, staffers from an efficiency initiative led by billionaire Elon Musk helped to effectively shut down the Consumer Financial Protection Bureau, as they gained access to an array of the bureau's protected information.

1 week ago | bloomberg.com | Paige Smith

The Interactive Brokers Group application login screen on a smartphone arranged in Dobbs Ferry, New York, U.S., on Sunday, Jan. 16, 2022. Interactive Brokers Group is scheduled to release earns on January 18. Photographer: Tiffany Hagler-Geard/Bloomberg(Bloomberg) -- Interactive Brokers Group Inc. is expanding the hours that retail investors can wager on interest rates, climate events and a raft of other bets to almost 24 hours a day, Sunday through Friday.

1 week ago | bloomberg.com | Paige Smith

Jane Fraser speaks at the Milken Institute Global Conference(Bloomberg) -- Conflicting economic signals including strong payrolls and weak consumer sentiment are making the job of Federal Reserve policymakers especially tricky, according to Citigroup Inc. Chief Executive Officer Jane Fraser.