ECB’s Cybersecurity Stress Test Reveals Challenges for EU Banks
The European Central Bank released the results of its first stress test of EU banks’ cybersecurity measures, revealing that many...
Bank of America’s CashPro App Sees 40% Rise in Business Payments Volume
Bank of America’s CashPro corporate payments app processed $500 billion through the first half of the year, a 40% increase...
Real Estate Transactions at High Risk for Fraud
Home buyers frequently send wire transfers to cover down payments and closing costs in real estate transactions. These transfers handle...
Credit Card Debt Isn’t Equally Distributed Among U.S. States
The amount of credit card debt U.S. consumers have accrued is now $1.3 trillion and rising, but some states have...
Brazil’s Pix Delays Automatic Debit Feature
Popular instant payments platform Pix will delay the launch of its automatic draft feature until next June, according to Brazil’s...
Bitcoin Daily Transaction Volume Surpasses Visa, Mastercard
Bitcoin is now estimated to have on-chain daily volume of $46.4 billion, which is more than credit card giants Visa...
Paycheck Advances Should be Considered Loans, Says CFPB
The Consumer Financial Protection Bureau proposed an interpretive rule classifying paycheck advances and earned wage access (EWA) products as consumer...
BNPL “Phantom Debt” is Concerning, but Not Economy-Shattering
The New York Federal Reserve receives detailed quarterly reports from the major credit bureaus, allowing it to monitor the state...
Capital One Pledges Billions in Lending, Philanthropy if Discover Deal Approved
Capital One has committed $265 billion in lending, philanthropy, and community investments if regulators approve its closely scrutinized acquisition of...
40% of UK Seniors Have Endured Recurring Fraud Attempts
Many elderly adults in the UK are vulnerable to cybercriminals and are frequently targeted by fraud attacks. According to a...
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