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Unintended Consequences of Aggressive Regulation

Jeff For Banks

"In case you're looking for some light reading this weekend, FRB-Philadelphia working paper 21-08, Does CFPB Oversight Crimp Credit?" ~ Robert Morro (@bmorro44) So went a tweet from one of my Twitter connections. So I listened to him, and dialed up the FRB-Philadelphia WP 21-08. This is good. There were two unintended consequences.

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Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package

PYMNTS

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences.

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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. The Government’s Response.

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NY Lawmaker Asks For Antitrust Probe Into Grubhub

PYMNTS

While I am not accusing any entity of committing unlawful acts, I do believe that Grubhub’s outsized market share and heavy-handed tactics could lead to artificially reduced competition, which in turn may drive up the commissions paid by struggling locally owned restaurants,” Gjonaj wrote in a July 2 letter.

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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. There are some signs of slowing in the housing markets; both existing and new home sales in June fell amidst rising mortgage rates and fewer gains in home prices. Consider the trade wars and tariffs.

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Equifax Silent On Earnings Date

PYMNTS

. “A significant amount of uncertainty remains regarding the financial and operational impacts from Equifax’s breach,” RBC Capital Markets analyst Gary Bisbee said in a note on Monday, as he cut his recommendation on the stock to “hold” from “buy.”. government will tighten regulation of the credit reporting industry.

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The Central Bank Conundrum On Cryptos

PYMNTS

The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”. on the global financial cycle, this would help reduce the volatility of capital flows to emerging market economies.”. By reducing the influence of the U.S.

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