The U.S. Department of Education announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, May 5th. The Department has not collected on defaulted loans since March 2020. Resuming collections protects taxpayers from shouldering the cost of federal student loans that borrowers willingly undertook to finance their postsecondary education.

Riot Platforms, Inc., an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc..

CME Group, the world's leading derivatives marketplace, today announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP).

eBay, a global commerce leader that connects millions of buyers and sellers around the world, today announced the expansion of its global strategic partnership with Klarna, the AI-powered payments and commerce network, to the U.S. market. eBay is rolling out Klarna’s flexible payments options to millions of eBay’s U.S. shoppers. The expanded partnership reflects eBay’s continued investment in bringing more choice, flexibility, and control to buyers while enhancing affordability across key categories. 

PayPal Holdings, Inc. today introduced rewards for PYUSD, a new loyalty offering that will provide US users the ability to earn 3.7% annually in rewards on holdings of PayPal USD (PYUSD) in their PayPal or Venmo wallets.

iFAST Global Bank is making new strides in UK banking with the launch of its unique Multi-Currency Current Account, an innovative solution that lets customers earn competitive interest rates on multiple currencies while enjoying rewards on everyday debit card spending.

Alternative Payments, a leading fully-integrated B2B payments and checkout infrastructure provider, today announced that they have closed on $22 million in total funding, with rounds led by MissionOG and Third Prime, respectively. The investments will advance the company's mission to digitize and automate B2B payment workflows for industries historically overlooked by fintech innovation.

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. banks.

84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.

Mongolia's first digital lending fintech, LendMN, a subsidiary of AND Global, has today announced a $20 million USD debt financing from Lendable, a leading debt finance provider to leading technology-enabled companies in emerging and frontier markets that focuses on promoting a more economically just and environmentally sustainable world.