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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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Walmart Presents A Ten-Point Plan To Renew U.S. Manufacturing

PYMNTS

Walmart announced news on Wednesday (July 26) that it had convened a broad group of individuals and organizations from the government, business and non-governmental sectors to lobby for a Policy Roadmap to Renew U.S. Walmart’s Policy Roadmap to Renew U.S. Manufacturing. manufacturing.”. million jobs being added in the U.S.

Policies 111
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

Boston 227
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CFPB announces senior leadership changes

CFPB Monitor

The individuals and their backgrounds as set forth in the CFPB’s press release are as follows: Andrew Duke will serve as the Policy Associate Director for External Affairs. Mr. Duke has 27 years of experience in public policy, including 20 years on Capitol Hill serving with three different members of Congress.

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The role of self-assessment in board meetings

Abrigo

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions? Or, do they need more context and less data?

Meeting 170
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Harvard Report On Credit Cards Bad News For SMEs

PYMNTS

New research published by the Harvard Kennedy School of Government’s Mossavar-Rahmani Center for Business and Government found that regulation is stifling access to credit cards and that the trend is bad news for small business owners. Lux and Greene argue that regulators should remove certain bans on risk-based pricing.

Cards 100
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Fed Concerned Trade War Could Trigger Recession

PYMNTS

“Participants generally judged that downside risks to the outlook for economic activity had increased somewhat since their July meeting, particularly those stemming from trade policy uncertainty and conditions abroad,” the minutes said. “In At last month’s meeting, James Bullard, president of the St.

St. Louis 109