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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

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Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

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It seems to be the case, then, that stablecoins may be regulated to the point where they are an adjunct to fiat – and to the modern monetary system that has been in place for decades – rather than a wholesale replacement. Recently, a BIS study concluded that embedded regulation might offer a solution for stablecoins.

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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

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the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. That establishes strong roots for open banking demand in America, while also giving a nod to its inevitability here, and soon.

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Does Virgin America Sale Help Or Hinder Discount US Airfare?

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Virgin loyalists are unlikely to get any help from regulators in saving their grounded carrier. Virgin America was far from offering the lowest domestic fares on the continent. Spirit takes a hit in the complaint category because people don’t really know much about them,” Headley told The Boston Globe.

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Drizly Launches Connect To Make A World Of Liquor A Day Away

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The program is called Drizly Connect and it’s launching in Boston and D.C. Amazon delivers alcohol through Prime in some cities, and Instacart is working with local omnichannel liquor retailer vinodivino to offer Boston customers same-day delivery of wine, liquor, and beer.

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Why The Final Payday Lending Rules Are Far From The Last Word

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No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

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Why The Government Now Cares About International Students

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With more the 8,600 certified schools nationwide, as reported by The Boston Globe , the federal government is increasing oversight of international students coming to the United States to receive an education. Nearly a third of all foreign students studying in America are Chinese, which accounts for the largest source country.

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