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How Federal Debt May Impact Banking

South State Correspondent

Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050.

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Wells Fargo Fallout, New Amazon Payments Top Week’s News

PYMNTS

Visa’s Chief Risk Officer On Securing Commerce In The 2020s. Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes. The virus, it seems, is spreading rapidly.

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Commerce Department Tightens Reins On Huawei

PYMNTS

companies, alleging it undermines the nation’s security and foreign policy interests. Starting last year, the DOC’s Bureau of Industry and Security (BIS) required the Chinese company and 114 of its overseas affiliates wishing to export U.S. In effect, the rule will put an end to Huawei’s mobile networks in the country by 2028.

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