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BitPay Seeks US Bank License

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The news comes after OCC Acting Comptroller Brian Brooks said earlier this year that he would look into setting up framework to let FinTechs become licensed and streamline their operations in the country, including crypto firms. In addition, Rep.

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New Tariffs On Clothes, Shoes To Hit Consumers In The Wallet

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After the President Donald Trump administration added 15 percent tariffs to $112 billion of goods from China on Sunday (Sept. A recent survey by the University of Michigan showed a drop in consumer confidence in August to its lowest level since Trump was elected. 1), China responded by imposing additional tariffs on U.S.

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Today In Payments: Fed Rolls Out SMB Lending Program; Mnuchin Says Country Could Re-Open In May

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In today’s top news, the Federal Reserve has launched a multi-trillion-dollar lending program that targets smaller companies and local governments, while the demand for Small Business Administration (SBA) loans has led the Fed to mull letting non-bank lenders speed distribution. Mnuchin Predicts US Could Re-Open in May.

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Today In Payments: Western Union On An M&A Hunt; Amazon, Simon In Talks To Turn Malls Into Distribution Centers

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In today’s top news, Western Union is looking for merger and acquisition opportunities, and Amazon and Simon Property Group are in talks to turn empty department stores into fulfillment centers. Western Union (WU) is planning to use opportunities arising from the pandemic to gobble up its weaker rivals. arm by Sept.

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Today In Payments: Brazil Central Bank Shuts WhatsApp Payments; Visa’s SMB Hub Launches With PayPal, Freshbooks

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In today’s top news, Brazil’s central bank suspended WhatsApp’s payment feature, and Visa launched its online resource hub for small and medium-sized businesses (SMBs). Mnunchin: US Tax Day May Be Pushed Back. Mnuchin said the Trump administration is also considering a new stimulus.

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Today In Payments: Amazon?s PayFort To Boost Middle East Startups; Next Economic Stimulus Package Could Hit $1T

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In today’s top news, Amazon is looking at buying a stake in India’s Bharti Airtel, and the Trump administration expects the next round of stimulus funding to hit $1 trillion. Strong May US Jobs Report Could Show The Worst Is Over For Hardest-Hit Sectors. Amazon Eyes Deal For $2B Stake In Indian Telecom Bharti Airtel.

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Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation

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In today’s top news, Wirecard says the missing $2.1 Big US Banks Saw $2T Increase In Deposits During Quarantine. billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. consumers are putting more money in the bank than ever before. Wirecard Says $2.1B Likely Didn’t Exist. billion euros ($2.1

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