SAN FRANCISCO—A recent report by CipherTrace Labs has found individuals are operating illicit crypto-Money Service Businesses (MSBs) at eight out of 10 U.S. retail banks, whereas in Europe, around 50% of all retails banks face this problem.
Fresh Today
CUPERTINO, Calif.—Apple Pay now accounts for 5% of all global credit card purchase volume, according to financial research firm Bernstein.
DALLAS—MoneyGram International has launched MoneyGram FastSend, a new service the company says allows consumers to send money quickly and easily to their friend's mobile phone number via the MoneyGram website and mobile app.
BATON ROUGE, La. – In a move to deliver more features and a better member experience through its ATMs, Pelican State Credit Union said it has turned over management of its fleet of machines to Dolphin Debit, the full-service ATM management company.
WASHINGTON—The Conference of State Bank Supervisors (CSBS) has released the newest chapter of its white paper titled "Reengineering Nonbank Supervision.”
WASHINGTON–A consumer group that acts as a watchdog for student loan borrowers has suggested one lender is charging higher interest rates on student loans to graduates of historically black or predominantly Hispanic colleges.
LONDON — HSBC said it plans to cut 35,000 jobs over the next three years as the global bank struggles to revive a business that has come to depend increasingly on China for growth. As a result, many of the cuts planned by the bank are to take place in Europe and the United States.
PURCHASE, N.Y.—After years of unsuccessful attempts to enter China’s massive $27 trillion payments market, Mastercard said it has won approval from the People’s Bank of China (PBOC) to begin formal preparation to set up a bank card clearing institution in China.
ALEXANDRIA, Va.–Less than 18 hours after NCUA announced the sale of its portfolio of taxi medallion loans, all three agency board members attempted to explain why it sold the loans to a group representing New York taxi medallion owners—who have opposed the sale and pushed for a workout plan—as they faced the board at its meeting here.
ALEXANDRIA, Va.–A new analysis finds credit unions on average charge mortgage rates below those of other lenders.