WASHINGTON–The nation’s retailers are hailing an announcement by Visa and Mastercard that they plan to delay an estimated $1.2 billion increase in credit card swipe fees but said the delay should be made permanent.
Fresh Today
FRASER, Mich.–NCUA has issued a cease-and-desist order against a credit union here related to its servicing of cannabis businesses and inadequate filing of Suspicious Activity Reports (SARs).
BOSTON—Security firm Sontiq has acquired data breach intelligence Breach Clarity.
SALEM, Ore.–Oregon has become the latest states in which the formation of a state bank is being proposed.
NEW YORK–A new analysis has found loan approval rates by credit unions has declined in recent months.
NEW YORK—Citi said it is streamlining the cross-border payments process for institutional clients by releasing a single electronic platform for payment instructions and the associated documents that accompany them.
BASINGSTOKE, U.K.–A new study from Juniper Research has found revenue from tokenization provisioning and management in mobile payments will exceed $53 billion in 2025, up from $18 billion in 2020.
NEW YORK–How much cash from the latest round of stimulus payments will find its way into the stock market?
WASHINGTON–As expected, the Federal Reserve’s Open Market Committee has adjourned its two-day meeting without making any changes to rates—but it did indicate it sees brighter economic days ahead.
CHICAGO–While American consumers continue to be negatively affected one year after the onset of the COVID-19 pandemic, there are also some positive signs to be found in TransUnion’s newest Consumer Pulse study.