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Fed’s Waller: Domestic networks for fast payments need to be developed before international links

Federal Reserve Governor Christopher Waller said global networks for fast payments would have to be founded on well-developed domestic networks or it “could end up being a road to nowhere.”

Aug 29, 2024
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Article
Federal Reserve

CFPB report: Retail chains charging cash-back fees to customers using debit cards

The Consumer Financial Protection Bureau issued a report that said Americans are paying tens of millions of dollars in fees to access their own money when getting cash back at large retail stores...

Aug 28, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

CFPB releases beta test of small business lending platform

The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

Aug 27, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

SEC files charges against crypto firm

The Securities and Exchange Commission announced that it filed charges against a “crypto bank” that claimed depositors could earn returns “auto-magically.”

Aug 27, 2024
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Article
Digital Assets