Monetary policy and happiness


So it follows that monetary policy decisions can affect happiness too. In a recent working paper we use a novel approach to assess how the unprecedented loosening in monetary policy in response to the 2008 global financial crisis affected the well-being of UK households.

PayPal Changes Seller Refund Fee Policy


While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In In line with industry practice, and according to our updated policy, we do not charge fees to process refunds, but when a seller refunds a transaction to a buyer, the fees originally paid will not be returned to the seller.

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Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

Monetary Policy Transmission: Borrowing Constraints Matter!


How does the transmission of monetary policy depend on the distribution of debt in the economy? Our findings also suggest that the overall impact of monetary policy partly depends on the behaviour of house prices, and might not be symmetric for interest rate rises and falls.

EU Shakes Up Digital Policy To Get Competitive In Tech


The proposed plan to revamp the region’s digital market policy also includes measures to limit data control by Google, Facebook, Amazon and other Big Tech firms. Europe Big Tech data digital policy EU European Commission News What's Hot

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech


With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

Ticketmaster Under Fire Over Refund Policy


As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. He said its new refund policy is making it harder for customers to get their money back.

Know Differences Between Corona Kavach Policy And Corona Rakshak Policy


The most important difference between these two insurance plans is that while Corona Kavach policy is an indemnity-based plan in that only the insurer will only reimburse your hospital bill, the Corona Rakshak policy on the other hand, is a benefit-based plan where the insurer will pay 100% of the sum assured to the policyholder. Corona Kavach Policy or the COVID Standard Health Policy will be mandatorily offered by all general and Health Insurance companies.

Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)


But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC.

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement. This follows reports that Visa, alongside other credit card networks, changed how cryptocurrency […].

TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities


TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. Last month, the data-protection commission in the Netherlands opened an investigation into TikTok’s policies to protect children’s data, noting the app is popular with Dutch youth, Bloomberg reported.

Privacy Policy


privacy policy terms of serviceGeneral.

CFPB Updates Policy For Civil Investigative Demands


The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

The EU’s policy on FinTech competition is …

Chris Skinner

Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog. I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Commission on FinTech and competition.

Choosing from a varied toolkit: assessing China’s overall policy stance


This post examines how policy in China supported the Chinese economy prior to the Covid-19 pandemic, drawing on a newly developed toolkit. This topic is particularly important for China, where economic developments have a significant impact on the rest of the global economy , but where assessing the full spectrum of policy – monetary, regulatory and fiscal – is difficult. Monetary policy and financial conditions. Chart 1: Broad stance of Chinese policy. Fiscal policy.

Amazon Effect Hits Central Bank Monetary Policy


For monetary policy and those interested in inflation dynamics, the implication is that retail prices are becoming less ‘insulated’ from these common nationwide shocks,” Cavallo wrote in the paper. The aforementioned impact of shorter-duration pricing at retailers has implications for monetary policies, according to Bloomberg, as automatic adjustments to what are known as external shocks means that interest rate adjustments by the central bank may lose potency.

Microsoft, Facebook Express Frustration With Apple’s Gaming App Policies


Microsoft and Facebook are grumbling publicly about fellow tech giant Apple ‘s policies restricting access to coveted slots in its App Store, as well as the access given to iPhone and iPad users. The Verge added: “While Microsoft has been testing xCloud on iOS, the company previously revealed its testing was limited due to Apple’s App Store policies.”

Coronavirus Refunds: Pittsburgh Pirates Unveil Rollover, Reimbursement Policies


The Pittsburgh Pirates unveiled their reimbursement and credit policies at a time when it is not known if PNC Park will have the ability to host spectators for this year’s season amid the pandemic, according to a statement.

Christine Lagarde pioneers ECB climate change policies – what can Fintechs do?

Daily Fintech

Now she is making waves with her push for climate conscious monetary policies. In her new role as the ECB president, she is hitting the ground running with some amazing policy work around climate change. Fintech General christine lagarde climate change policies trade finance

Apple Card’s New Privacy Policy Allows More Data Sharing With Goldman, Adds Transaction Details


Apple has updated Apple Card’s privacy policy to allow more sharing of anonymous data with partner Goldman Sachs, according to a report. The change will separate Apple Card ’s privacy policy from that of Apple Pay; the two used to have identical policies. You may be eligible for certain Apple Card programs provided by Goldman Sachs based on the information provided as part of your application,” Apple’s new policy says.

Best practices in risk rating policies


Policies are “the cornerstones for sound lending and loan administration,” and risk rating policies are a key component. Regulatory agencies lay out elements that loan policies should cover, such as what types of loans an institution will make and what information will be required from borrowers, but they rarely dictate the details. An institution must develop appropriate policies and procedures based on its size and the complexity of its portfolio.

Lloyds Of London Looks At Driverless Car Policies


Chief Executive Officer John Neal said that the 330-year-old insurance market is in discussions with automakers about different policies as car ownership changes. While some experts have said that driverless cars may slash the need for auto policies, Neal believes that autonomous vehicles will simply result in demand for a different product — not the end of car insurance.

New Facial Recognition Policy Signed Into Law In Washington State


Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post.

German Rep Resigns From ECB Board Amid Policy Disputes


Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. Lautenschläger’s decision to step down is proof that there is a deep division within the institution’s top ranks over its recent decision to loosen monetary policy. International european central bank executive board Germany monetary policy News What's Hot

Nothing to suggest trickle-down monetary policy will suddenly work

American Banker

Crisis management Monetary policy Federal Reserve Dodd-Frank Economy CoronavirusThe Fed must set up a ‘family financial facility’ that sends billions to households and small businesses so banks don’t misdirect relief funds.

The birds, the bees and the Bank? The birth-rate channel of monetary policy


In total, we estimate that monetary policy increased the birth rate in the following three years by around 7.5%. Thus, when the Bank of England lowered its policy rate 4.5 Our paper uses these pre-determined differences in mortgage choices across local authorities and age groups as a “natural experiment” to examine how monetary policy affects families’ fertility decisions over the next three years. Policy implications. Fergus Cumming and Lisa Dettling.

MoviePass Changes Ticket Policy


After making changes to its Android app and terms of service, MoviePass is adding another modification to its platform: Subscribers can now only watch a particular movie through its movie ticket subscription service one time, Android Central reported. “We We recently updated our Terms of Service to reflect that MoviePass subscribers are only permitted to see a select movie in theaters once with your MoviePass,” the company wrote on its website. “We

Could central bank digital currencies kill monetary policy?

Chris Skinner

The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy? I didn’t realise until the other day that the Bank of England has a blog Bank Underground. Finally, a boring old British bank with a blog. Not a consumer bank of course – none of those blog – but a good old central bank.

Feds Policy Shift Signals Lower Interest Rates Are Here To Stay  

New York's State of Mind

Economy econony Federal Reserve Federal Reserve Chairman Jerome Powell Statement on Longer-Run Goals and Monetary Policy StrategyThe Fed has a dual mandate to both foster economic growth and maximum sustainable employment. Yesterday the Fed made an historic announcement that will have an immediate impact on your credit union. In a nutshell, the Fed is going to tolerate more inflation and be more sensitive to the short-term employment consequences of future interest […].

China Uses Monetary Policy To Cure China’s Economic, Viral Ills


Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? Monetary policy needs to be measured, lest it strike fear into the very audiences it is designed to soothe – in this case, banks and consumers.

Wells Fargo Softens Overdraft Policy


The new per-transaction threshold complements the bank’s existing policy of not charging an overdraft fee if a customer’s available balance and ending account balance is overdrawn by $5 or less and no items are returned for non-sufficient funds at the end of processing for that business day. Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers.

How does monetary policy affect firms?


We focus on firm level employment and ask which firms do the most hiring and firing when monetary policy adjusts. Furthermore, do these patterns of responses tell us something about how monetary policy affects the economy? Luckily, existing work can help: we use changes in the price of interest rate futures traded in financial markets in extremely tight windows around monetary policy announcements to get at the surprise, random component of an interest rate decision.

Monetary policy and US housing expansions: what can we expect for the post-COVID-19 housing recovery?


For instance, an expansion in monetary policy can stimulate housing demand via lower borrowing costs — households typically finance housing with mortgage debt. Apart from this credit channel, monetary policy can also influence housing demand through the collateral or refinancing channel, whereby easier monetary conditions and higher house prices lead to higher home equity. We use monetary policy shocks as a proxy for shifts in housing demand to investigate this question.

Hollywood Studios Aim To Collect On Insurance Policies


Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. The insurance industry provides policies that protect studios from unforeseen circumstances.”. Kevelighan continued, “Most of these policies are triggered when there are fires or accidents which either injure performers or damage property on set.

Netherlands Is First EU Country To Release GDPR Fining Policy


The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so. Arnoud Engelfriet, IT lawyer and partner at Dutch firm Legal ICT, said the Netherland’s policy is a step in the right direction. You wouldn’t set such a policy if you did not intend to issue fines,” he noted.