Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
March 22, 2023  |  CBDC

Bills opposing a central bank digital currency (CBDC) in the U.S. have been introduced at both the federal and state level. Sen. Ted Cruz, R-Texas,...

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SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
March 22, 2023  |  Regulation

Hindsight is always 20/20 — and, in the rearview mirror, the Silicon Valley Bank collapse was obvious to see. Big bank. Dominant player/big fish in...

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Bipartisan Bill Would Create Independent Inspector General for Federal Reserve
Bipartisan Bill Would Create Independent Inspector General for Federal Reserve
March 22, 2023  |  Regulation

A bipartisan bill aims to create an independent inspector general to oversee the Federal Reserve. Introduced Wednesday (March 22) by Sens. Rick Scott and Elizabeth...

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Global Mobile Wallet Use Ticked Up 4% in Q3 With Peaks and Valleys Between Nations
Global Mobile Wallet Use Ticked Up 4% in Q3 With Peaks and Valleys Between Nations
March 22, 2023  |  Mobile Wallets

In measuring the digital transformation of some 30,000 consumers in 11 countries, collectively representing half of the global gross domestic product (GDP), PYMNTS finds that...

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Grocers Step up Efforts to Track Consumer Purchase History
Grocers Step up Efforts to Track Consumer Purchase History
March 22, 2023  |  News

For grocers to drive spending from consumers and advertisers alike, purchase history data is key. The Context On consumers’ side, grocers can leverage this data...

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Meal Kits Go to the Dogs With Petco’s Customizable Freshpet Subscriptions
Meal Kits Go to the Dogs With Petco’s Customizable Freshpet Subscriptions
March 22, 2023  |  Earnings

Petco announced upbeat fourth-quarter 2022 results on an earnings call Wednesday (March 22), led by its deep investments in pet healthcare and continuing strength in...

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Tesco Joins Retailers Watering Down Rewards Amid Inflation
Tesco Joins Retailers Watering Down Rewards Amid Inflation
March 22, 2023  |  Loyalty & Rewards

As retailers bow under inflationary pressures, some are cutting the value of their rewards points. Tesco, the leading supermarket chain in the United Kingdom, shared...

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Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
March 22, 2023  |  Loans

Silicon Valley Bank began giving more loans to insiders after regulators identified some bank weaknesses. As Fed examiners saw that Silicon Valley Bank needed to...

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Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
Nigerian Cash Shortage Drives 63% Uptick in Digital Currency Use
March 22, 2023  |  CBDC

A cash shortage in Nigeria has made the country’s digital currency much more popular. The value of eNaria transactions has jumped 63% to 22 billion...

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