FinCen, the federal government's central repository for criminal financial information, became the latest government agency to have its website shut down by a fraudulent cyber attack. Thompson told CUNA's annual Future Forum that e-mails mimicing the agency's site were sent that read, "Remove Yours Monsters From Iraq." The FinCen site was at least the second federal agency to be attacked by cyber criminals. Earlier this year, the FDIC was forced to shut down its site.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
September 16 -
The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
September 16 -
Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
September 16 -
Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
September 16 -
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
September 16