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Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute.
December 11 -
Indonesia’s ride-hailing giant Gojek is close to acquiring a mobile point-of-sale startup called Moka for at least $120 million, as it aims to become a leading player in the country’s digital payments industry, according to people familiar with the talks.
December 11 -
Three men were charged by U.S. prosecutors with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme.”
December 11 -
Going contactless has been a bigger challenge in New York because of the size and complexity of its transit systems.
December 11 -
Payments and banking software provider ACI Worldwide says it has added improved communications and security tools to its ACI Speedpay bill payment service that businesses can offer to customers.
December 11 -
It sounds like something that should be simple — letting a customer pay off their credit cards with a new personal loan — but it's not, according to Dave Girouard, Upstart's CEO.
December 11 -
Banks are increasingly sharing data and must brace for new regulations protecting that data.
December 11
CCG Catalyst -
New data from CO-OP Financial Services shows the Christmas season could be a bright one for credit unions and their card portfolios.
December 11 -
JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.
December 11 -
Removing the checkout means removing a key bottleneck that retailers rely on to sell tabloids, gum and candy.
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