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In this article GS AAPL GSBD Goldman Sachs CEO David Michael Solomon attends a discussion on "Women Entrepreneurs Through Finance and Markets" at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over a range of billing and payments practices. The bank disclosed the probe in a quarterly filing on Thursday, saying that regulators were examining its "account management practices, including with respect to the application of refunds, crediting of nonconforming payments, billing error resolution, advertisements, and reporting to credit bureaus." related investing news These are JPMorgan's top stock ideas for September Michelle Fox 4 hours ago While New York-based Goldman made no mention of its partnership with tech giant Apple in the filing, most of the bank's $11.84 billion in card loans through the second ...

Dive Brief: DailyPay, an on-demand pay provider, is partnering with Visa to release a prepaid debit card, the company said in an announcement emailed to Payments Dive. The move adds another way for DailyPay to make its earned wage access available to workers. The release said that the debit card provides cardholders with free instant DailyPay transfers, a network of no-fee ATMs and a mobile banking platform that lets customers track income and spending. Cardholders can also access their wages the day before payday to make purchases without receiving late charges. They can also add the card to Apple Pay, Google Pay and Samsung Pay, per the announcement. Dive Insight: In its release, DailyPay cited rising inflation and increasing interest rates as the reason why U.S. workers need the latest extension to such financial tools the company has been providing since 2016. With such on-demand pay tools, also known as early wage access, employees can tap their wages ...

[unable to retrieve full-text content] What will happen if Amazon stops accepting UK-issued Visa credit cards?    The Guardian

EPHRAIM - The name of Ephraim's newest restaurant is exactly what its proprietors want it to be — a fresh take on dining in Door County. Open since July, Fresh Take 42 owners Asche Rider and Dave Reera hope to make their place just north of The Red Putter Mini Golf stand out from the many others on the Peninsula, from the actual food being served to the service and look. "We picked the name because (the restaurant) is a little bit of a fresh take on restaurants," Rider said in an interview with the Advocate. "We try to work with fresh food, we want to buy from local farmers, local purveyors as much as possible." Rider and Reera describe the items on Fresh Take 42's menu as "comfort food with a twist," using locally sourced ingredients as much as possible for their fresh, seasonal offerings. Also, an a la carte menu allows diners to mix and match proteins, vegetables, sauces and starches as desired and share with their fellow diners, which Rider sai...

Last fall it was announced CIBC was set to takeover Costco Canada's Mastercard portfolio from Capital One, and as of late last week, the Canadian bank started its transition of taking in new customers. But fast forward to Monday morning, and it hasn't been a good launch for CIBC. According to existing Capital One credit card holders such as Christian Newman, it has been a "complete fail," as the transition has resulted in the blocking of account access from March 4-7, but there are payments due in that timeframe. Many are waiting hours on the phone to get payments addressed, only to have calls hung up after 2 hours on hold. Complete fail: @cibc takes over @costcocanada's Mastercard business from @CapitalOneCA, blocks account access from March 4-7, yet fails to address payments due in the meantime. Waited on hold for @CIBC for 2 hours, 8 minutes before they spontaneously disconnected. — Christian Newman ☕️ (@XianNewman) March 7, 2022 @costcocanada...

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Photo: iStock Photo: iStock The latest results of the European Central Bank (ECB)'s climate stress tests incorporated the energy performance of buildings as a contributing metric to determine banks' resilience to climate shocks. It revealed that European banks' mortgage books could be exposed to a higher credit risk because of this. "The test was a learning exercise," a source at CaixaBank tells Euromoney. "It enabled us to look transversally across our different portfolios, including the mortgages book." The Madrid-headquartered bank has the largest mortgage portfolio in Spain. Its book mirrors the quality of the overall housing stock in the country. As legal frameworks across Europe adapt, it will become impossible to sell or rent p...