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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

In place since 2005, a 15-minute outer limit reporting timeframe currently applies to transactions in: Corporate bonds. Agency debt securities. Asset-backed securities (ABS). Agency pass-through mortgage-backed securities (MBS). Collateralized debt obligations (CDO) and commercial mortgage-backed securities (CMBS).

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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

Plus, Klarna reported mixed results for the first half of 2020. DC AG Sues Instacart Over Fees Customers Thought Were Tips. Report: Walmart Joins Microsoft on TikTok Bid. Report: How ING Group Is Using AI to Fight Financial Crime. In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s

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DC Attorney General Sues Facebook Over Data Collection

PYMNTS

Prosecutors in Washington, DC, are suing Facebook over stolen user data related to the Cambridge Analytica scandal, according to reports. The DC attorney general’s (AG) office announced the lawsuit on Wednesday (Dec. The DC attorney general’s (AG) office announced the lawsuit on Wednesday (Dec.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

It was reported that the hearing could happen later in the year. Richard Blumenthal of Connecticut, said after the dinner that he had brought up the “repeated failures” of the firm in election security as well as consumer privacy. And, another legislator, Sen.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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Five Ways QSRs Are Encouraging Diners To Skip Lines And Order Ahead

PYMNTS

Reward points and discounts aren’t the only tool in the QSR playbook: The tracker found that many companies in the industry are looking to increase the convenience and security of their mobile-order ahead services. The total number of WeWork locations to offer sweetgreen mobile order pickup is reported to be 50.

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

In other news, the People’s Bank of China (PBoC) has denied a report that the country’s stablecoin is set to launch. Earlier this week, South Africa’s Financial Sector Conduct Authority (FSCA) issued a warning for the public not to do business with the company. An investigation has also been launched into the company.

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