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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance. imposed a full $23.52

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BIS Warns About Corporate Borrowing

PYMNTS

In fact, BIS said the boost in borrowing in recent years by businesses with low credit scores could cause a crisis like the one that led to the 2008 banking crash. While firms in the U.S. — and, to a lesser extent, the U.K. have accounted for the bulk of the issuance, holdings are spread out more widely.

Taxes 128
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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) trillion in 2008. I believe that the stock markets believe that eventually the agenda will be accomplished. OMG- The Phillips Curve!

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Collections Predictions 2021: After the Debt Tsunami, the Flood

FICO

Regulators will want more tolerance, but many credit grantors will be unable to afford it. When you have loans that are not profitable, and the regulator wants you to take the loss, you will push those loans to the debt resolution space. It’s not just regulators who will push for tolerance, the government will as well.

Taxes 76
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Cash Flow A Tough Lesson To Learn For SMBs

PYMNTS

The latest research from Wells Fargo , Euler Hermes and Intuit finds late payments and market volatility are among the largest reasons why SMBs and larger enterprises struggle with cash flow, a scenario that has its own domino-effect of negative consequences. Fifty-two percent of U.S.

Survey 158
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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

The labor market has also improved, with unemployment declining and job growth picking up. Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. The tool is still new and evolving.

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Cash Flow A Tough Lesson To Learn For SMBs

PYMNTS

The latest research from Wells Fargo , Euler Hemes and Intuit finds late payments and market volatility are among the largest reasons why SMBs and larger enterprise struggle with cash flow, a scenario that has its own domino-effect of negative consequences. 52 percent of U.S.

Survey 123