October, 2024

October, 2024

OwlTing Turns to Visa Direct to Power Cross-Border Payments
Blockchain FinTech OwlTing says it will begin employing Visa Direct to power real-time, cross-border payments. The agreement lets OwlTing potentially reach more than 8.5 billion endpoints in Visa�...

CFPB Targets Double Billing in Medical Debt Collection
The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. The practices include “double-dipping” to get paid for services covered by insurance, ...

Fed Terminates Decade-Old Money Laundering Enforcement Action vs Citigroup
The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant’s anti-money laundering (AML) practices. On Oct. 1, the ce...

AI Bill Veto Sparks Debate on Innovation, Safety and Regulation
Gov. Gavin Newsom’s recent veto of California’s artificial intelligence (AI) safety bill has triggered a heated debate about the future of AI regulation, its impact on innovation, and the prospect...

CNN and Reuters Move News Behind Paywalls
CNN and Reuters are joining other digital news platforms in setting up paywalls to increase revenue. CNN began asking some of its readers to pay $3.99 per month to gain access to its reporting Tuesday...

Barclays Pays $4 Million in Swap Reporting Violations Case
British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. The Commodity Futures Trading Commission (CFTC) announced Tuesday (Oct. 1) that it had settled charges against ...

Amex and Boost Join Forces on Virtual Card Processing
American Express has teamed with Boost Payment Solutions to provide commercial virtual card processing services. The offering, open to U.S. merchants that accept American Express (Amex), provides a...

Labor Market Uneven in August: Job Openings up, but Services Hit Hard
In the U.S. economy, the jobs market has been volatile to say the least. To that end, the most recent Job Openings and Labor Turnover report released Tuesday (Oct. 1) by the Bureau of Labor Statistics...

Chime’s Free Overdraft Feature Extended $30 Billion to Users
FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a collective $30 billion since...

POPCAT Price Continues Uptrend, But Momentum Could Be Fading
POPCAT Price has been hitting new all-time highs, with recent indicators suggesting that the uptrend could persist for a little longer. Buyers remain in control, but there are hints that momentum may ...

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B&T Television

November