ALBANY, N.Y.—The New York State Department of Financial Services (DFS) has issued guidance to New York state-chartered banks and credit unions to offer banking services to medical marijuana businesses licensed under the New York State medical marijuana program (Registered Organizations) and to industrial hemp businesses participating in the New York State industrial hemp research program (Research Partners).
PURCHASE, N.Y.—Mastercard has been awarded several new blockchain patents, continuing its trend of embracing distributing ledger research even as it expresses open hostility to Bitcoin and other cryptocurrencies.
LAS VEGAS—A fast-growing credit card issuer is also quickly racking up complaints, with consumers grousing about high upfront annual fees, big delays in the processing of payments, and no grace periods.
SYDNEY, Australia—The Commonwealth Bank of Australia is facing a second shareholder class action after agreeing to pay $700 million to settle anti-money laundering claims by the government’s financial intelligence agency.
WASHINGTON—Leandra English, who had gone to court to challenge the leadership of the Bureau of Consumer Financial Protection, said she will leave the Bureau early this week.
WASHINGTON–While the data has long been a standard, some analysts, including at the Federal Reserve, are questioning whether yields on government bonds and the yield curve are the best predictors of recessions.
WASHINGTON—Despite concerns about trade policy negatively impacting the economy, members of the Federal Open Market Committee (FOMC) saw enough positives to support their decision to raise rates at the committee's June meeting, according to meeting minutes released last week.
ARLINGTON, Va.—Total vehicle sales in June rebounded to a pace of 17.5 million seasonally adjusted, annualized units.
WASHINGTON—The U.S. Secret Service is taking a firm stance against privacy coins such as MoneroandZcash. A top official from the agency has reportedly sought help from Congress by asking lawmakers to make additional regulations for these coins to curb their use for illegal activities.
WASHINGTON — The Bureau of Consumer Financial Protection has announced a settlement with Citibank regarding Truth in Lending Act (TILA) violations—which includes $355 million to be paid to consumers affected by the bank’s practices.
