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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.

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SEC Charges Founder Of Mozido With Defrauding Investors

PYMNTS

According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido. The prospect of investing in a non-public startup company may hold considerable allure, but buyers need to understand what they are buying.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Among the nonprofits working to feed local communities this holiday season is the The Greater Boston Food Bank (GBFB) , which provides food services to 190 cities and towns in the eastern Massachusetts region. to track spending, pinpoint savings opportunities and follow important regulations. million nonprofits in the U.S.

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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts. Amazon To Build $40M Robotics Innovation Hub Near Boston. Behind Regions Bank’s AI-Powered Digital-First Push. Apple Pay Competition Practices Eyed By EU Regulators.

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CFPB announces senior leadership changes

CFPB Monitor

Laura Fiene will serve as West Regional Director. Fiene has more than 31 years of experience in regulating financial services companies, including 27 years dedicated to supervising and examining compliance with federal consumer financial laws and regulations. Fiene joined the CFPB in 2011.

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Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. India Strategic Partnership Forum, admitted that the payments companies were frustrated with the regulators.

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