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The Bancorp Hires Chief Compliance Officer from Amex
The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer.  more »
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Fantasy sports sites FanDuel Inc. and DraftKings Inc., already facing mounting legal and regulatory scrutiny, ran into more trouble when Citigroup Inc. said it was blocking transactions by New York state residents. more »
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Louise Roseman, the longtime head of the Federal Reserve's payment systems division, plans to retire this year. more »
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The European Commission wants to snuff out terrorist funding, a strategy that could include tight monitoring of cash and Bitcoin, and national account registers. more »
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A Federal Reserve task force has issued criteria for its faster payments initiative, part of a long journey to build a framework to securely and efficiently accommodate the near real-time processing for digital commerce. more »
Bloomberg News
Vantiv will stop processing transactions for its clients in daily fantasy sports amid government claims the sites are violating gambling laws, the New York Times reported Friday. more »
Bloomberg News
The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that. more »
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Digital and alternative currencies are often cast as libertarian-friendly payment vehicles whose very mission engenders government antagonism. But in Canada, things are a bit friendlier. more »
Joshua Roberts
"We are also concerned about certain payment collection practices that can subject consumers to substantial fees and increase risk of account closure," said Kelly Cochran, the CFPB's assistant director of regulations.
After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards. more »
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Fourth Corner Credit Union has lost its court battle to offer banking services to the marijuana industry, but its organizers are not throwing in the towel. more »
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A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute. more »
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One of the more unusual financial crime stories of the year concerned two men who were charged with operating an illegal Bitcoin exchange through a now-shuttered New Jersey credit union. more »
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Participants in an alleged credit card laundering scheme have agreed to settle Federal Trade Commission charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards. more »