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Affirm CEO says more retailers want buy now, pay later options as holidays approach

“They’re buying, and they’re paying their bills with Affirm – that seems to be going well.”

Paige Smith

Schwab, Fidelity and other brokerages report ‘intermittent’ outages amid stock market meltdown

More than 15,000 users reported an outage at Schwab at 9:50 a.m. in New York, and the company said some customers “may have difficulty logging in."

Paige Smith

EBay will no longer take American Express cards, citing ‘unacceptably high fees’, in the latest shot in the credit-card fee wars

The two firms have been embroiled in negotiations around so-called interchange fees, which cost retailers $172 billion last year.

Paige Smith

$30 billion credit-card deal with Visa, Mastercard is one of the biggest antitrust settlements ever, capping a nearly 20-year fight

The legal fight over credit card swipe "interchange" fees dates back to at least 2005 — before both Visa and Mastercard were spun off.

26.03.2024 10

Paige Smith

Powell warns commercial real estate woes will lead to bank failures: 'This is a problem that we’ll be working on for years’

The Fed chair told lawmakers on the Senate Banking Committee that the Fed is talking with lenders to make sure they are on top of potential losses.

08.03.2024 20

Paige Smith

Schwab CEO pulls curtain down on year that was 'certainly the most challenging since the bursting of the internet bubble in 2000'

Charles Schwab Corp. reported declines in profit, new assets and deposits — a set of results that initially sent its shares tumbling.

Paige Smith

Federal government warns banks about offering buy-now, pay-later lending that could come back to bite them

Traditional lenders are joining firms like Affirm, Klarna, and Afterpay in giving customers shorter-term borrowing options.

06.12.2023 10

Paige Smith