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Central Finance Co. Ltd. says it has launched its own ATM network in Sri Lanka. The Sri Lanka-based financial-services firm already operates an ATM network with local banks that reportedly includes some 300 machines. The bank did not say how many ATMs the new network would include. The previous network started operations in 2006, Central Finance says. The company says consumers using ATMs in the new network can withdraw up to 40,000 Sri Lankan rupees (US$362 or 280 euros) per day.
The Trump administration is seeking to fire roughly 90% of the Consumer Financial Protection Bureau's staff and is fighting for that right in court. But if the administration prevails, can other consumer protection authorities from other federal regulators pick up the slack?
The legislation has been able to garner a level of bipartisan support that was not possible in previous Congresses because of a lack of support from Democratic lawmakers, but many of those benefited from crypto industry contributions in the 2024 election cycle.
Early Warnings Services is teaming up with Fiserv to quickly drive uptake for its new Paze digital wallet with merchants and credit card issuers outside of its owner banks. Paze partnered with Worldpay earlier this month to unlock a similar distribution channel.
The Consumer Financial Protection Bureau cited ongoing litigation and cost benefits in extending compliance by roughly a year with reporting data on the race, ethnicity and gender of small business loan applicants.
In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups.
Illinois Gov. J.B. Pritzker, a Democrat, signed a bill that delays the implementation of the interchange law for a year while banks fight it in court.
