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Philippines Central Bank and FinTech Alliance partner to tighten gambling regulations

admin July 16, 2025 0 Comments

Philippines Central Bank (Bangko Sentral ng Pilipinas BSP) has partnered with FinTech Alliance Philippines to strengthen the nation’s regulatory frameworks and tighten online gambling reforms. The Fintech Alliance, which will be part of the ongoing process, is the country’s largest organization of digital finance stakeholders, comprising BSP-regulated financial technology companies and electronic money issuers. Philippines […]

Bank of America (BAC) earnings Q2 2025

admin July 16, 2025 0 Comments

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted mixed results for the […]

Airlines bank on splurging vacationers as clouds form on economy

admin April 14, 2025 0 Comments

A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. […]

Trump Lashes Out at Bank of America Over Treatment of Conservatives

admin January 23, 2025 0 Comments

President Trump took an unexpected swipe on Thursday at the big banks that have cheered his return to office, as he raised longstanding Republican complaints that they are discriminated against by major lenders. The moment came almost as an aside, as Mr. Trump was participating virtually in a question-and-answer session with executives gathered at the […]

CFPB sues JPMorgan Chase, Bank of America, Wells Fargo over Zelle fraud

admin December 23, 2024 0 Comments

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Friday sued the operator of […]

CFPB announces rule limiting bank overdraft fees; trade group sues

admin December 16, 2024 0 Comments

Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American […]

CFPB sues Comerica Bank over federal benefits program

admin December 7, 2024 0 Comments

A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint Friday against Comerica Bank, accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica […]

Britain Braces for Higher Rates as Bank of England Meets

admin February 3, 2022 0 Comments

In an effort to combat rapid price rises in Britain, the Bank of England raised interest rates on Thursday, its first back-to-back increases in more than 17 years, and said it would start to shrink its enormous holdings of government and corporate bonds . Inflation is already at its fastest pace in three decades: The […]