Mastercard faces DOJ antitrust probe over debit practices
The move comes nearly two years after the Justice Department began a similar inquiry into Visa's practices.
Source: startribune.com
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First Bancorp Reports First Quarter Results
/PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $15.2 million, or $0.37 per...
Source: prnewswire.com
Opponents of CHOICE Act Aren't Interested in Protecting Consumers
On Tuesday, Sept. 13, the House Financial Services Committee passed the Financial CHOICE Act. Among other needed financial reforms, the bill would make taxpayer-funded bailouts of big banks less likely and ease regulations that hurt community banks.
Source: heritage.org
Preparing for Regulation II - CUInsight
In October 2022, the Federal Reserve issued a final ruling on Regulation II (Durbin Amendment), which requires two unaffiliated networks on a debit card
Source: cuinsight.com
Ajay Banga, Biden's Pick For World Bank, Has Spent Years Fighting Cash
The former chief executive officer of Mastercard Inc, Ajay Banga has spent years decrying the ways that consumers reliant on paper currency are left out of formal economies.
Source: ndtv.com