By Natalie DeCoste The Federal Reserve Bank's Fintech Partnership Symposium is underway, a two-day event where industry experts explore technologies available in the marketplace that facilitate digitization of credit decision processes and risk management, expanded credit access, and increased portfolio diversification. One event looked at fintechs available for deposit funding, artificial intelligence and machine learning, [...]
By Natalie DeCoste Businesses are starting to feel the strain of higher commodity prices and are passing that burden along to consumers. Kimberly-Clark Corp. announced that the company plans to raise prices across much of its North American consumer-products business to help counter the rising costs of raw materials. “Kimberly-Clark Corporation (NYSE: KMB) announced today [...]
By Natalie DeCoste One silver lining to traveling during the pandemic is you probably won't have to sit next to someone on your flight. Unfortunately, that perk is set to end as Delta announced it would start selling middle seats again. Delta Airlines is the last remaining U.S. airline that has not been booking the middle seats [...]
Natalie DeCoste Spotify is venturing into the burgeoning live-audio market with the acquisition of Betty Labs, the makers of live-audio social app Locker Room. Locker Room is part of the growing market for live audio apps currently on the market, including Twitter Spaces, Clubhouse, and Discord. Locker Room has quickly become the spot for sports fans to [...]
By Natalie DeCoste In light of the ongoing economic stress related to the pandemic, the FTC has provided guidance to businesses and consumers on preventing evictions. The FTC’s advice is based on the CDC’s decision to extend the national moratorium on evictions through the end of June. “The COVID-19 pandemic has presented a historic threat [...]
By Natalie DeCoste The Federal Trade Commission (FTC) has decided not to appeal the Ninth Circuit's decision in FTC v. Qualcomm to the U.S. Supreme Court. The lawsuit filed by the FTC against leading chipmaker Qualcomm Inc. alleged that the chipmaker engaged in illegal monopolization, according to people familiar with the matter. The FTC started the [...]
By Natalie DeCoste The White House is pushing to jumpstart the U.S.'s offshore wind business by giving wind-power developers access to more of the Atlantic Coast and initiating a series of environmental reviews. The White House announced on Monday that it convened leaders from across the government to announce the administration's plans that will catalyze offshore [...]
By Natalie DeCoste WeWork has agreed to merge with a special-purpose acquisition company (SPAC) in a push to take the company public two years after its high-profile failure to do so. WeWork is a commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. The company builds both physical [...]
By Natalie DeCoste The Federal Trade Commission (FTC) has provided the Consumer Financial Protection Bureau (CFPB) with an update regarding the FTC's activities covering the debt collection market during 2020. Following a request from the CFPB Director, Kathleen Kraninger, on Jan. 5, 2021, the FTC provided an update to the CFPB in the form of [...]
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