DUBAI, UAE—The fintech industry in the Middle East is growing rapidly and could triple by 2025, a new report suggests.
Fresh Today
SAN FRANCISCO—Ripple, a blockchain-based digital payment network, has taken a major stride towards expanding its global reach by applying for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority (FCA), according to a new report.
SNELLVILLE, Ga.–As part of its Friday Conversation series, the African American Credit Union Coalition will host a webinar today titled, “Justice Climate Fund and the Credit Union Community” on Aug. 18.
NEW YORK—More Americans are failing to make payments on their credit cards and auto loans, according to a new report.
CFPB Planning New Regs Around Tracking and Selling of Personal Information; U.S. Chamber Pushes Back
WASHINGTON–The CFPB is preparing to put forth a new proposal to expand the scope of regulation around the tracking and selling of people’s personal data to more companies and would expand the rules themselves. The announcement led to some pushback from the U.S. Chamber.
ST. PETERSBURG, Fla.– Continued positive signs of reducing inflation--even with a marginal uptick in the CPI-U rate for July, along with improved consumer sentiment and ongoing resilience in purchasing growth for both credit and debit can be seen in the August edition of the PSCU Payments Index.
WASHINGTON–Members of the Federal Reserve’s Open Market Committee (FOMC) were supportive of the rate increase announced at its most recent meeting, but some now see risks in raising rates too high, meaning future increases are more unlikely, according to newly released meeting minutes.
WASHINGTON—It’s time to update the Federal Credit Union Act and allow credit unions to broaden their fields of membership to promote financial inclusion, CUNA wrote to members of Congress.
WASHINGTON—CUNA and ACA International have filed reply comments with the Federal Communications Commission (FCC) regarding its proposal on revocation of consent under the Telephone Consumer Protection Act (TCPA).
WASHINGTON–NCUA’s Office of Inspector General (OIG) has made three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM).