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The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.
March 31 -
BATON ROUGE, La. The Louisiana Credit Union League is backing two bills that are moving through the states legislature.
March 30 -
Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.
March 30 -
Even as an NCUA working group is trying to craft a supplemental capital proposal for credit unions, mutual thrifts are quietly courting their regulator for a similar measure of their own.
March 30 -
NCUA named liquidating agent and Public Service Credit Union assumes members, assets, loans and shares of small Detroit institution.
March 29 -
The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather, it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.
March 29 -
The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.
March 29 -
WASHINGTON After being forced by a court to withdraw its enforcement action against Tanzanian bank FBME, the Treasury Department's Financial Crimes Enforcement Network has once again finalized a rule requiring U.S. institutions to cut off ties with the bank.
March 29 -
The attention around tokenization replacing static account numbers with a one-time-use token has been good for security but worrying for businesses that rely on a static identifier for future reference.
March 29 -
Bank of America, Barclays and a dozen more banks must face investor claims that they rigged a benchmark used in the sales of interest-rate derivatives and other financial instruments.
March 28