Digital payments

Why Congress considered a digital dollar in its coronavirus response

03/24/20

The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. and could dent interchange fees and private stablecoin projects like Facebook’s Libra.

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Sen. Brown proposes digital account for unbanked households

03/24/20

The legislation sponsored by Sen. Sherrod Brown, an Ohio Democrat, would require banks to offer the accounts so that consumers could easily access cornonavirus relief funds without turning to high-cost check cashers.

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'Crossover hiring' can address the gender gap in fintech

03/12/20

As the fintech industry looks for ways to bring on more women, crossover hiring — recruiting from traditional financial services firms to fintechs — has emerged as an effective strategy, Donna Parisi of Shearman & Sterling and Michelle Tran of NYC Fintech Women write.

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We shouldn't have to wait for FedNow to have faster payments

02/28/20

The Fed can take steps now to speed up existing networks.

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Mnuchin's late to the crypto regulation party

02/21/20

The Treasury secretary's statements are a sign that government agencies are still in the early stages of understanding this fundamentally new technology.

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HSBC plan sidesteps CEO question; Bloomberg would toughen bank regulations

02/19/20

The overhaul calls for massive job cuts but leaves interim CEO Noel Quinn’s permanent role in limbo; the program would throw out most of Trump’s Dodd-Frank rollbacks.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

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Digital transformation doesn't have to disrupt customer experience

12/24/19

It can be a painful process for a bank to go digital, but there are ways to ease the transition.

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Why PayPal is suing the CFPB over its prepaid card rules

12/12/19

PayPal — which is rarely thought of as a prepaid card company — has filed a lawsuit against the CFPB over its rules on prepaid accounts, underscoring the rapid changes in digital financial services and PayPal’s own expanding financial services ambitions in recent years.

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When open banking and data privacy collide

12/11/19

Banks are increasingly sharing data and must brace for new regulations protecting that data.

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