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Online Lending And A Tale Of Two Fed Studies

PYMNTS

The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. According to the Cleveland Fed survey, the online lending customers also showed lower credit scores on average, more delinquent debt and more total debt outstanding. The verdict?

Study 101
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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

There has been a growing acceptance of cryptos, of course, as the market value of existing stablecoins stood as high as $14 billion in August, “yet authorities are braced for a world in which these volumes are orders of magnitude higher,” the report said. Embedded supervision can center on data collection and supervision. The Value Of CBDC

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Antitrust Policy Takes Center Stage In Appeals Court Rulings

PYMNTS

“The court said the rules had not been shown to be harmful, because the government failed properly to define the market in which Amex competes,” Chris Sagers, a law professor at Cleveland State University, said in his NYT piece. He noted that this decision exposes the court’s lack of faith in how free markets work.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Greater Cleveland Community Credit Union. This year has been a busy one for Google Pay, as it tries to gain prominence in a crowded market with competitors like Apple Pay , Samsung Pay and even Walmart Pay. Also in September, Australia’s ANZ bank added Google Pay for its personal Visa credit and debit card users. Evans Bank.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

As noted earlier in the fall , Cleveland Federal Reserve President Loretta Mester said in a speech that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. PayPal is rolling out international digital money transfer service Xoom in the United Kingdom as well as 31 markets spanning Europe. The most recently issued cards have chips as well as encryption.

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Community banks most likely to approve small business loans

Abrigo

The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. The most popular financing products for which small businesses applied included lines of credit, business loans, credit cards and SBA loans. Only 28 percent sought more than $250,000.