Wise brushes off political change; Ingenico pushes crypto
The U.K. international money transfer firm posted strong earnings and said its regional diversification can offset the rise of isolationism in specific markets. Ingenico adds technology to enable cryptocurrency payments, and more. Here’s what’s happening in the world of payments.
Company behind cash-advance app takes Election Day roller-coaster ride
Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump’s election.
Controversial bid for Territorial in Hawaii wins shareholder backing
The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp.
Trump will change the CFPB’s course — but how much is unclear
President Trump initiated changes at the Consumer Financial Protection Bureau in his first term, and the industry’s frustration with the bureau has grown since he left office. But how far a second Trump administration can or will go depends on factors outside the president’s control.
Lawsuit: Lendistry, Plaid and Qualified violated consumer data rights
A complaint brought by accounting firm Onisko & Scholz challenges data sharing activities common to data aggregators, banks and fintechs.
Trump win likely to delay Basel III, imperil Biden bank regulation
Experts anticipate that Trump’s victory and expected shifts in regulatory leadership will delay finalizing Biden-era capital rules for large banks, with new officials likely favoring a less stringent Basel III framework and softer capital requirements.
‘A new American renaissance’ — crypto celebrates Trump’s return
Once a crypto skeptic, Trump corralled tens of millions of dollars in industry support for Republican candidates by promising to make America the Bitcoin superpower of the world.
UPDATE: Media Advisory: FDIC Advisory Committee on Economic Inclusion to Meet Next Week
MEDIA ADVISORY | NOVEMBER 6, 2024 (Updated to reflect correct day) FDIC Advisory Committee on Economic Inclusion to Meet Next Week On Wednesday, November 13, at 9:00 a.m. ET, the Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet in Washington, D.C. The agenda will include a presentation of the data […]
Media Advisory: FDIC Advisory Committee on Economic Inclusion to Meet Next Week
MEDIA ADVISORY | NOVEMBER 6, 2024 FDIC Advisory Committee on Economic Inclusion to Meet Next Week On Thursday, November 13, at 9:00 a.m. ET, the Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet in Washington, D.C. The agenda will include a presentation of the data from the 2023 FDIC Household […]
Bank stock prices soar on hopes that Trump will ease regulation
An index of bank stocks rose 8.5% early Wednesday after Donald Trump won his bid to return to the White House.