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Bank of Russia increases rates to highest point since 2003

The Paypers

The National Bank of Russia has raised its key interest rate to the highest point in the past two decades, reaching a new historic high of 20% from former 9.5%.

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Identity Fraud Hits Record High in 2016

Bank Innovation

The identity fraud incidence rate increased by 16%, a record high since the company began tracking identity fraud in 2003. More than 15 million people were affected by identity fraud in the U.S. last year, according to a recent study by Javelin Strategy & Research.

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Announcing a major expansion of the Financial Services Club

Chris Skinner

ANNOUNCEMENT – LONDON, UK: JUNE 25 2018 Back in 2003, Andy Coppell and I conceived the idea for The Financial Services Club, with the objectives of: Promoting discussion among senior people working in Financial Services, who were interested in better understanding the likely future direction of the Market; Enabling networking … The post (..)

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SCOTUS holds Biden lacks authority for $430 billion loan cancellation plan

CFPB Monitor

Nebraska , the Court held that the state of Missouri had standing to challenge the federal action, and that the Biden Administration’s loan cancellation plan was not authorized under the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act). Continue Reading

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DocuSign Introduces Payment at Signing [VIDEO]

Bank Innovation

Electronic signature firm DocuSign has been around since 2003. It allowed parties to contracts to sign from their computers, and later, from mobile devices. But users couldn’t pay at the time of signing — that required following up.

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Eight Banks Added to ABAQ Index

ABA Community Banking

The index, formed in 2003, includes 288 community banks and represents all Nasdaq-listed banks and savings associations except the 50 largest banks. The post Eight Banks Added to ABAQ Index appeared first on ABA Banking Journal.

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Palantir Raising Nearly $1B From Investors

PYMNTS

Palantir, founded in 2003, sells software to government agencies and companies for managing and analyzing their data. The filing said that, “of the total remaining to be sold,” the bulk of that ($671,576) “represents shares of common stock already subscribed for.”. The company declined to disclose its revenues.