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Lithuania confirms its National Fintech Guidelines for 2023-2028

The Paypers

Lithuania ’s main fintech representatives have just signed a Memorandum of Understanding confirming the country’s National Fintech Guidelines for 2023-2028.

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New China Guidelines Increase Foreign Business Opportunities

PYMNTS

The 30-page draft guidelines published by the National Development and Reform Commission (NDRC) aim to reverse a slowdown of economic growth partially caused by the U.S. The world’s second-largest economy wants to make business transactions easier, from nurturing private enterprises to widening market access.

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China Creates National Cyberattack Database

PYMNTS

China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.

National 174
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EU Sets Guidelines To Support Sharing Economy

PYMNTS

And recently, the European Union set out guidelines about its thoughts on how the sharing economy — AKA companies like Uber, Lyft and Airbnb — should be regulated. This new set of guidelines is only advisory and has no true regulatory powers. The sharing economy, regardless of country, has ruffled a lot of regulatory feathers.

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China Issues First Guidelines For Ridesharing Industry

PYMNTS

A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid. According to a report , China’s Cabinet released its first rules governing ridesharing, telling local officials on Thursday (July 28) they should move full steam ahead to promote the industry made famous by Uber.

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CFPB Issues Bank Account Deposit Discrepancy Guidelines

PYMNTS

The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is credited to a customer account and how much was deposited. the National Credit Union Administration, the Office of the Comptroller of the Currency and the Federal Reserve. million penalty tied to those violations.

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Managing Interest Rate Risk With a Bank Loan Term Sheet

South State Correspondent

We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. This particular national bank has the ability to offer the borrower an interest rate hedge or an on-balance sheet fixed-rate loan. The borrower was provided options on the type of hedge and when to execute.