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Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

September 11, 2025

Microsoft expands Copilot’s capabilities to sales, services, and finance.

September 11, 2025

FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

September 11, 2025

The Japanese layer boosts AI finance tools with a $102 million increase.

September 11, 2025
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  • Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.
  • Microsoft expands Copilot’s capabilities to sales, services, and finance.
  • FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies
  • The Japanese layer boosts AI finance tools with a $102 million increase.
  • Startup Fintech Growxcd aims to raise Rs 200 crore in Series B funding.
  • The European finance sector urged the importance of placing explanations at the core of artificial intelligence systems to safeguard trust, compliance, and risk management.
  • Pi Network price hits a new all-time low amid delimitation speculation on OKX and Mexc.
  • CFA Institute cautions that unclear risks have diminished trust in the financial sector.
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    FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

    September 11, 2025

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    Microsoft expands Copilot’s capabilities to sales, services, and finance.

    September 11, 2025

    The Japanese layer boosts AI finance tools with a $102 million increase.

    September 11, 2025

    The European finance sector urged the importance of placing explanations at the core of artificial intelligence systems to safeguard trust, compliance, and risk management.

    September 11, 2025

    CFA Institute cautions that unclear risks have diminished trust in the financial sector.

    September 11, 2025

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    September 11, 2025
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    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

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    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

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fintechbits
Home ยป The Consumer Protection Council continues Walmart and Fintech Firm for access to the compensation of the Gig-Worlder driver
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The Consumer Protection Council continues Walmart and Fintech Firm for access to the compensation of the Gig-Worlder driver

3 Mins Read
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The Consumer Financial Protection Bureau continues Walmart and a financial technology company, alleging that drivers has illegally forced to use expensive deposit accounts to receive their salary.

The agency alleges that Walmart and the seller, Branch Messenger, forced the drivers, who were part of the Walmart driver’s gig-work platform, to use the messenger branch deposit accounts to perceive their compensation-and would be terminated if they did not want to use this service.

The CFPB also alleges that Walmart and Branch Messenger have misleaded workers on the availability of access the same day to their gains, and that drivers had to follow a complex process to access their funds.

Even when they have accessed their funds, the CFPB claims that drivers have faced delays or costs if they were to transfer money to an account of their choice – which allowed workers to pay more 10 million dollars in fees since 2021 to transfer profits.

“Walmart has made false promises, illegally opened accounts and took advantage of more than a million delivery drivers,” said CFPB director Rohit Chopra. “Companies cannot force workers to be paid through accounts that drain their income with junk food.”

Walmart said in a statement that the CFPB’s prosecution was “riddled with factual errors” and “exaggerations and blatant anomalies in the principles of established law”.

“The CFPB has never allowed Walmart a fair opportunity to present its case during their rushed investigation,” he said. “We are impatient to vigorously defend the company before a court which, unlike the CFPB, honors the regular procedure.”

In a press release, Branch Messenger said that the pursuit of the CFPB “denounces the law and the facts” while omitting articles designed to “hide the clear focus of the office”.

“Despite the vast cooperation of the company with its investigation, the CFPB refused to engage with Branch significantly on this subject, instead of rushing to deposit legal action,” said Branch. “This approach clearly shows that this dispute has nothing to do with the law or the protection of workers and everything to do with the attention of the media aroused by a trial involving one of the largest retailers in the world.”

The CFPB announced a wave of rules and prosecution this month while the Biden administration ends and the future of the agency is darken by uncertainty. Last week, the CFPB continued three of the largest American banks On the accusations, they failed to limit fraud on the digital payment platform Zelle. The banks, as well as the operator of Zelle, who was also appointed in the costume, denied the accusations.

He too Comerica Bank prosecuted For having pretended to have consumer consumers registered in the federal benefit program for the federal advantages of the federal government. Comerica denied the accusations and counterfeits the CFPB.

The agency also announced four separate rules, in particular A Limit the banking overdraft costs which were immediately challenged by the banking sector.

NBC News previously reported The agency had assessed the rules to finalize before the Republicans took control of the three branches of the government. The GOP has Plans reported To challenge the agency, while the president elected Donald Trump has Authorities appointed from the 2025 project – which calls for eliminating the CFPB – from influential positions.

The multi -loving donor Trump Elon Musk, who is planned for a role in reducing high level costshas poster On his social platform X: “Remove CFPB”.

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Kapital is the final unicorn in Mexico valued at over $1 billion.

September 5, 2025

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Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

September 11, 2025

Microsoft expands Copilot’s capabilities to sales, services, and finance.

September 11, 2025

FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

September 11, 2025
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