PYMNTS

DECEMBER 28, 2018

The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. FTC workers aren’t allowed to do any work on the probe while the shutdown is in progress.

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Payments Source

JANUARY 2, 2019

As the federal budget dispute shoves an increasing number of government workers to the sidelines, there’s a window to provide payments relief that’s superior to options such as payday lending and bartering.

Governance 67

Governance Government Shutdown Payroll 67

PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.

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Shutdown Legal Framework Legal Governance 100

PYMNTS

MARCH 7, 2019

The longest government shutdown in U.S. While the shutdown is long over, hundreds of thousands of federal workers who endured more than a month of financial uncertainty are still feeling its effects. Several thousand federal employee PenFed members felt the shutdown’s effects, Chamorro said. history ended Jan.

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Shutdown Governance Government Credit Union 40

Payments Source

JANUARY 30, 2019

Visa CEO Alfred Kelly said the company's earnings, though solid, could suffer if if politicians in Washington and London don’t resolve their biggest issues.

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Shutdown Governance Government Cross-Border Payments 78

PYMNTS

JANUARY 9, 2019

” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”

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Shutdown Governance Government Small Business 46

PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

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Shutdown Office of the Comptroller of the Currency Federal Reserve Regulations 55

PYMNTS

JANUARY 17, 2019

Add federal websites to the fallout from the government shutdown. According to a new report in The Washington Post , with the shutdown now dragging into its 27th day, a growing number of websites operated by the federal government are breaking down. My grandmother, she communicates with friends and gets recipes online.

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Shutdown Governance Government Cybersecurity 49

PYMNTS

JANUARY 18, 2019

18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

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Shutdown Fed Federal Reserve Economy 49

PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

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Shutdown Federal Reserve Economy Fed 46

PYMNTS

FEBRUARY 14, 2019

Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 Reports in GCN this week said the government has announced funding for the payroll project that will upgrade the way an estimated 800,000 federal employees are paid. million investment from the Technology Modernization Fund.

Payroll 40

Payroll Shutdown Governance Government 40

PYMNTS

JANUARY 23, 2019

With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

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Governance Government Shutdown Continuity 46

PYMNTS

MARCH 23, 2020

LendingTree Chief Economist Tendai Kapfidze said, according to Yahoo Finance , “We’re gonna have a shutdown in the housing market because people aren’t out there seeing the houses, and also because generally economic activity is contracting in almost every sector of the economy.”.

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Shutdown Economy Governance Government 60

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

P2P 52

P2P Shutdown Non-Bank Regulations 52

PYMNTS

JANUARY 18, 2019

To help those impacted by the government shutdown, PayPal is offering interest-free cash advances up to $500 to federal employees who are new or existing PayPal Credit customers. banks have been stepping up to help customers impacted by the government shutdown by offering forbearance on loans and the associated fees.

PayPal 64

PayPal Shutdown Direct Deposit Governance 64

PYMNTS

OCTOBER 13, 2020

The plans supported by Modi and his Bharatiya Janata Party, voted on last month, included broad, sweeping changes that dismantled a long-standing regulatory system making farmers sell most of their crops via government-sanctioned wholesale markets which are dominated by traders and middlemen, rather than directly to consumers, according to WSJ.

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Economy Shutdown Social Security Governance 103

Payments Source

MARCH 8, 2019

Events like the recent government shutdown present opportunities for banks to help customers when they need it most.

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Shutdown Government Governance Consumer 67

Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 63

Payments Source

JANUARY 22, 2019

For thousands of government employees, credit card bills are coming due for travel and other expenses they incurred before the shutdown.

Credit Cards 63

Credit Cards Shutdown Government Governance 63

Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 60

PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

Shutdown 104

Shutdown Small Business Caps Governance 104

Payments Source

FEBRUARY 26, 2019

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

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Shutdown FinTech Small Business Governance 69

PYMNTS

FEBRUARY 4, 2020

10) … It’s up to the instructions given by central and provincial governments.”. “It definitely will have an impact on the Apple production line. The tricky question is whether we will be able to resume production (on Feb. Foxconn told employees and clients in Hubei, the center of the coronavirus outbreak, not to return to factories.

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Shutdown Rules Product Returns 52

Payments Source

DECEMBER 26, 2018

The information you need to start your day, from PaymentsSource and around the Web: credit cards fund gun violence; the government shutdown and payments; mobile wallet for bus fares; and more.

Shutdown 67

Shutdown Credit Cards Governance Government 67

PYMNTS

APRIL 12, 2020

The government allotted $350 billion for that purpose as part of the recent $2 trillion federal CARES Act passed in March. Schulman said he recognized how hard SMBs have been hit by the pandemic, and he said there is an urgent need for whatever help they could get to keep the lights on and pay employees during the shutdown.

PayPal 107

PayPal Process Non-Bank Shutdown 107

PYMNTS

APRIL 18, 2019

American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. In terms of headline numbers, revenues, net of interest expense, were up 6.6

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Shutdown Governance Government Consumer 43

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

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Shutdown Economy On-Demand Governance 82

PYMNTS

NOVEMBER 10, 2020

The rest will go toward developing partnerships with governments and regulators “to raise the bar” when it comes to modern, unbiased lending. While governments and regulators are partly responsible for the current bias-fighting trend, de Vere said the real push is coming from the banks themselves. Ensuring Inclusive Banking.

AI 138

AI Underwriting Credit Risk Shutdown 138

PYMNTS

NOVEMBER 12, 2020

The shutdown of the IPO happened after controlling shareholder Jack Ma upset government leaders, WSJ reported, quoting unnamed sources familiar with the situation. Xi's decision topped off several years of contention between Ma and the government, with government leaders unsure of the growing influence of Ma's business operations.

Governance 72

Governance Government Shutdown Regulations 72

Segpay

OCTOBER 23, 2024

With increasing regulatory pressure from both government agencies and financial institutions, the risk of facing a “takedown” or operational disruption is higher than ever. Ignoring these updates can lead to hefty fines, platform takedowns, or worse—complete business shutdowns.

Compliance 98

Compliance Non-Bank Legal Processors 98

PYMNTS

APRIL 22, 2019

there has been a bit of groundswell to curb the harm that such late payments may do to small businesses (SMBs) that work with the federal government. representatives introduced legislation that would mandate shorter timeframes for contractor work done for the government. However, in the U.S.,

Governance 43

Governance Government Small Business Payments 43

PYMNTS

APRIL 12, 2020

The government allotted $350 million for that purpose as part of the recent $2 trillion federal CARES Act passed in March. Schulman said he recognized how hard SMBs have been hit by the pandemic, and he said there is an urgent need for whatever help they could get to keep the lights on and pay employees during the shutdown.

PayPal 98

PayPal Non-Bank Shutdown Small Business 98

PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

Small Business 126

Small Business Shutdown Point-of-Sale (POS) Contactless Payments 126

PYMNTS

DECEMBER 27, 2020

and the anticipated hard shutdown will take place Jan. Miami Mayor Francis Suarez might want to make his city a hub for crypto at the government level, a report from CoinDesk says. After the closure of the exchange, the Binance KR team plans to look over its strategy. The exchange will close trading services on Jan. 10, 2021 at 1 p.m.,

CBDC 101

CBDC Bitcoin Digital Currency Cryptocurrency 101

PYMNTS

JANUARY 21, 2019

Companies that want to go public during the first part of the year are hampered by a key roadblock: The month-long government shutdown has also shuttered the Securities and Exchange Commission (SEC), which usually works with companies for months before approving an IPO. For example, biotech companies Gossamer Bio, Inc.

Shutdown 59

Shutdown Legal Governance Government 59

PYMNTS

JULY 30, 2020

That’s the biggest drop in the gross domestic product since the government began tracking such data in 1947. Let’s check it out: Shutdowns Beget Mass Unemployment . And although there was some tempering of that trend when $1,200 government-stimulus checks started hitting U.S. economy contracted by almost a third (32.9

Economy 114

Economy Federal Reserve Governance Government 114

PYMNTS

FEBRUARY 12, 2019

But the year has had a rocky start, as the agency didn’t have the ability to give the go-ahead for IPOs with the partial government shutdown. “recently filed confidential paperwork for offerings with the SEC,” according to the report. billion, per unnamed sources.

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Shutdown Underwriting Governance Government 84