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May 7, 2021

Payments

F.E.C. Drops Case Reviewing Trump Hush-Money Payments to Women

New York Times
The Federal Election Commission said on Thursday that it had formally dropped a case looking into whether former President Donald J. Trump violated election law with a payment of $130,000 shortly before the 2016 election to a pornographic-film actress by his personal lawyer at the time, Michael D. Cohen. The......

The pause on federal student loan payments ends Sept 30—here’s how to prepare

CNBC
CNBC – For more and to sign up click here When the coronavirus pandemic first swept the United States in March 2020, student debt relief was among the first policies enacted to help struggling Americans. Since March 27, 2020, federal student loan interest rates have been set to 0% and......

New batch of $1,400 stimulus checks includes more payments for people who recently filed their tax returns

CNBC
CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images A sixth batch of $1,400 stimulus checks has gone out, bringing the total number of payments sent to date to about 161 million. More than $379 billion has been sent to Americans via direct......

WeWork to begin accepting payments in cryptocurrencies

Reuters
A man walks out of a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri Office-sharing startup WeWork said on Tuesday it would begin accepting payments in select cryptocurrencies and partner with Coinbase Global Inc (COIN.O) and paymemt app Bitpay for......

PayPal to launch local wallet in China focused on cross-border payments

CNBC
CNBC – For more and to sign up click here The PayPal application on an Apple iPhone.  Andrew Harrer | Bloomberg | Getty Images BOAO, China — PayPal plans to set up a local wallet in China focused on cross-border payments. In January, the U.S. fintech company became the first......

New $3,000 child tax credit payments set to start in July. Here’s what to know

CNBC
CNBC – For more and to sign up click here Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s......

Women detail drug use, sex and payments after late-night parties with Gaetz and others

CNN
USA TODAY – For more and to sign up click here The partygoers, at times dressed in formal wear from a political event they’d just left, mingled and shared drugs like cocaine and ecstasy. Some had sex. Gaetz, the brash Republican, liked to discuss politics, said one of the women.......

New $3,000 child tax credit to start payments in July, IRS says

CNBC
CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images But on Tuesday, when Sen. Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, asked Rettig if the IRS would be ready to start monthly child tax credit payments......

Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

156 million coronavirus relief payments issued

Detriot News
Detroit News – For more and to sign up click here Washington — The Treasury Department said Wednesday it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan, including 25 million payments that were primarily to Social Security beneficiaries who hadn’t filed 2019 or 2020......

Payments giant Stripe expands to Middle East with Dubai office

Reuters
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration DUBAI (Reuters) – Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by......

DOJ investigation into Matt Gaetz grows as feds eye possible cash payments to women

CBS News
CBS News – For more and to sign up click here DOJ investigation into Matt Gaetz grows as feds eye possible cash payments to women – CBS News Watch CBSN Live Florida Republican Matt Gaetz is at the center of an investigation into whether he violated federal sex-trafficking laws, and......

DOJ probe into Gaetz involves cash payments to women: report

TheHill
USA TODAY – For more and to sign up click here Juliegrace Brufke and Rema Rahman The Department of Justice investigation into Rep. Matt GaetzMatthew (Matt) GaetzThe Hill’s Morning Report – GOP pounces on Biden’s infrastructure plan Gaetz, on the ropes, finds few friends in GOP Matt Gaetz’s father backs......

Supreme Court grapples with NCAA rules limiting some payments for student athletes

CNN
USA TODAY – For more and to sign up click here At the same time, however, the justices expressed concern about the future and distinctiveness of college sports if courts continue down the road of second-guessing the NCAA’s definition of amateurism that leads it to limit payments. The case thrusts......

Facebook messaging service gets delayed Brazil nod for payments

Reuters
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. REUTERS/Rupak De Chowdhuri SAO PAULO (Reuters) – Brazil’s central bank on Tuesday cleared the......

21 Senate Democrats press Biden to include recurring direct payments in infrastructure plan

TheHill
USA TODAY – For more and to sign up click here Alexander Bolton Senate Finance Committee Chairman Ron WydenRonald (Ron) Lee WydenUS suspends trade engagement with Myanmar after deadly crackdown Democrats gear up for major push to lower drug prices Policymakers should promote digital services competition for social media users......

Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says

CNBC
CNBC – For more and to sign up click here London-based online payments company Paysafe is set to begin trading on U.S. public markets after merging with blank-check company Foley Trasimene Acquisition II Corp, billionaire business and sports executive Bill Foley told CNBC Monday. Foley, who set up the special purpose......

New batch of $1,400 stimulus payments coming Wednesday, IRS says

CNBC
CNBC – For more and to sign up click here Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images A second batch of $1,400 stimulus checks is scheduled to land in people’s bank accounts on Wednesday, March 24.......

Google exec who led payments, ChromeOS and user growth is leaving

CNBC
CNBC – For more and to sign up click here The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Caesar Sengupta, an executive who has led several projects inside Google, including payments and ChromeOS, said Monday he’s leaving the......

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