BRUSSELS – Mastercard has been hit with a fine of €570.6 ($648.2 million) by the European Commission for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
Fresh Today
MCLEAN, Va.—Despite all the recent concerns about rising costs of credit card rewards programs, Capital One has dramatically improved its Venture credit card offerings.
CHEYENNE, Wyo.—The state of Wyoming is emerging as leader in enacting legislation around blockchain and cryptocurrences.
PARIS—France has imposed a $57 million fine against Google for violations of the EU's General Data Protection Regulation, sending a strong to message to the technology giant that its privacy and data collection practices are inadequate.
NEW YORK—Citigroup, in an assessment of its own global workforce, revealed a pay gap between its male and female employees.
NEW YORK—Why do many Americans use store credit cards?
WASHINGTON—The Independent Community Bankers of America and a number of affiliated state community banking associations have filed a legal brief that strongly supports the American Bankers Association’s appeal in its lawsuit challenging NCUA’s field-of-membership rule.
WASHINGTON—On top of all the worries facing federal workers who had been going without paychecks during the just-ended partial government shutdown, many were facing mounting credit card bills on government-issued plastic for which they could not receive reimbursement.
WASHINGTON–Even though another partial federal government shutdown is looming in just three weeks, NAFCU is optimistic Congress will be able to move forward with other items on its agenda.
NORWALK, Conn.–Both credit union trade groups were represented at a roundtable discussion here yesterday during which the Financial Accounting Standards Board discussed its Current Expected Credit Loss (CECL) model.