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Widespread adoption of a central bank digital currency would utterly transform the financial services sector by reducing access to loans and raising prices for consumers.
June 7
The Cato Institute’s Center for Monetary and Financial Alternatives -
Chatbots may provide inaccurate information, may run afoul of consumer financial protection laws and may force consumers into "repetitive loops of unhelpful jargon," the Consumer Financial Protection Bureau warned.
June 6
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Fintech VC funding flooded into consumer-focused companies in 2021. Now, the tides are changing direction.
June 2
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Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.
May 29
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California Credit Union receives a CDFI certification, Klarna adds a credit opt out, Amazon enables biometric-powered alcohol payments and more in this week's banking news roundup.
May 25
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The success of central bank digital currencies will be directly tied to their usability — by both individuals and businesses.
May 24
RippleX -
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Experts say banks should start stepping up their encryption now, because hackers can steal it now and decrypt it with quantum computing later.
May 22
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