July 9, 2025
| Today’s news and insights for payments leaders
The two biggest card networks bid for a piece of the Treasury Department’s program seeking to modernize the U.S. payments system.
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If buy now, pay later firms know when consumers borrow heavily or fail to make repayments, providers may be reluctant to offer their payment services to so many consumers.
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A federal judge said “friend of the court” briefs wouldn't be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.
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In letters to Zelle’s bank owners, Sen. Elizabeth Warren and two other Democrats asked what the financial institutions are doing to protect customers using the digital payments service.
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The spending and tax bill signed by President Donald Trump includes a new levy on international money transfers, though it’s lower than initially proposed.
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