Fresh Today

PURCHASE, N.Y.—As banks, merchants, and even tech companies offer consumers new ways to pay for purchases, credit card companies are trying to protect their role as the primary platform for everyday purchases by offering more buy-now-pay-later options, a new report asserts.

NEW YORK–The New York attorney general’s office said it has opened an inquiry into the lending practices that left thousands of immigrant taxi drivers in crushing debt as they purchased taxi medallions. The announcement follows a 10-month investigation by the New York Times that found fault with numerous parties, including credit unions and NCUA, in contributing to the crash of the taxi medallion market, where values have plummeted even as many were enriched in the process.