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The Federal Reserve deserves praise for a proposal that would strengthen financial stability by eliminating the rights of counterparties to tear up derivatives contracts in a failure.
May 9
The Clearing House Association -
The Clearing House, Dwolla and Ripple Labs are among more than 20 companies that are vying to play a lead role in modernizing the U.S. payment system.
May 9
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Carrier billing provider Bango has purchased BilltoMobile and its contracts from Danal Inc., making Bango a processor of carrier billing transactions across all major mobile networks in the U.S.
May 9 -
Dwolla has forwarded its proposal for faster payments to a Federal Reserve Board task force studying submissions as part of a national initiative, and its voice is one of several seeking to make a difference in the country's move to faster payments.
May 9 -
At least three U.S. banks are preparing to go to market with new small-dollar installment loan products in a move that could potentially disrupt the payday lending industry.
May 9 -
The Federal Deposit Insurance Corp.s request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval.
May 9
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The FCC released a Notice of Proposed Rulemaking on Friday concerning the use of modern dialing technologies when contacting consumers on cell phones about student loan debts, mortgages, taxes and other debts owed to or guaranteed by the government.
May 9 -
Farmers National Banc in Canfield, Ohio, has agreed to buy Bowers Insurance Agency in Cortland, Ohio.
May 9 -
