PYMNTS

NOVEMBER 29, 2020

Facebook 's digital currency, Libra , could launch by January, but in a "limited format," according to officials, as reported by Financial Times (FT). Libra, which has been in the works for over a year, initially planned to roll out one synthetic coin backed by a multitude of currencies. Then the plan had to be downgraded in April, when regulators' concerns forced a shift to a plan to launch digital versions of several coins plus a "digital composite" of all Libra coins.

Regulation 210

Regulation cryptocurrency System Report 210

BankBazaar

NOVEMBER 29, 2020

Do you have unused Credit Cards with you? Do you know how they affect your Credit Score and your overall finances? Let’s find out. When it comes to Credit Cards, most of us have a lot of questions parked in the financial department of our brains. While some of us are clueless about the billing cycle, others have no idea about which Credit Card to go for.

How To 145

How To Cards US Maine 145

PYMNTS

NOVEMBER 29, 2020

President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson to direct the National Economic Council and former American Express CEO Kenneth Chenault to a senior economic post, CNBC reported, citing unnamed sources. Ferguson already has said he is stepping down from his position running TIAA, the big investment firm with historic ties to employees in the higher education and medical fields.

Google 168

Google National Report Capital 168

PYMNTS

NOVEMBER 29, 2020

The loan payment relief required by the federal CARES Act in response to household income disruption caused by the pandemic has produced mixed results, The Wall Street Journal (WSJ) reported. Borrowers who held the type of debt covered by the law — home mortgages and student loans — were able to skip payments without penalties or damage to their credit ratings, WSJ reported.

New York 150

New York Cards Data Report 150

Advertisement

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

PYMNTS

NOVEMBER 29, 2020

Some U.S. chefs and industry advocates fear new rules to stem the spread of COVID-19 could be the final straw, the Financial Times (FT) reported. Some of the country's highest-profile chefs said they expect to see a wave of failures, according to FT. "It's becoming very stressful," Chef Daniel Boulud of Manhattan's Daniel restaurant said, FT reported.

Operations 132

Operations US National Industry 132