Technology
Manish Kohli, global head of payments and receivables for Citi’s Treasury and Trade Solutions division

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

New York Assemblymember Steven Raga speaks in Albany about the STOP Act.

The bill, known as the STOP Act, was introduced by State Sen. Samra Brouk and Assemblymember Steven Raga, and proposes that any wage or cash advance be considered a loan and subject to the state's 16% civil usury law.

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In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found.

Congress Prepares To Leave For Holidays

A House subcommittee debated new legislation to improve bank data sharing and slow down transactions to thwart sophisticated financial scams.