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Western Union said it's not in talks to acquire smaller rival MoneyGram International. Bloomberg reported Tuesday that Western Union is in early-stage talks to buy the company, as both contend with competition from upstart money-transfer companies.
May 6 -
Western Union Co. said its not in talks to acquire smaller rival MoneyGram International Inc.
May 6 -
WASHINGTON A CUNA task force appointed in September to study the organization's structure and governance has released its preliminary findings, chief among them that CUs want better advocacy and more choice from their trade association.
May 6 -
NEW YORK The October deadline for shifting EMV liability may still be months away, but even with several years of lead-up time, there is widespread skepticism in the payments industry about whether the change will help combat fraud.
May 6
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ALEXANDRIA, Va. As part of NCUA's efforts to increase access to secondary capital for low-income credit unions and to provide appropriate regulatory relief to all credit unions, the agency has unveiled a Secondary Capital Working Group webpage.
May 6 -
Senator Bernie Sanders proposed legislation to break up the nation's biggest banks, including JPMorgan Chase and Bank of America, setting up a contrast with Hillary Clinton as both seek the Democratic presidential nomination.
May 6 -
Corporate payment company WEX has launched a fleet fuel card tailoredto smaller businesses.
May 6 -
Federal Reserve Chair Janet Yellen said that leveraged lending, high-interest debt and elevated stock valuations are all signs of firms engaging in risky loans to boost yield in the zero interest rate environment.
May 6 -
WASHINGTON Financial Crime Enforcement Network Director Jennifer Shasky Calvery said Wednesday that Internal Revenue Service examiners are conducting bank-like exams of virtual currency firms for possible anti-money laundering violations.
May 6 -
China's government plans to allow foreign card-payment networks to process domestic transactions. But companies like Visa and MasterCard will have a tough time capturing a percentage of China's explosive payments market.
May 6
