Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. The collaboration aims to raise awareness about the benefits of using USDC, a regulated and fully-backed digital dollar, for secure, low-cost and...
Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the Consumer Financial Protection Bureau (CFPB). These refunds of these fees make up $120 million of the total of $140 million...
In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? As Bloomberg Law reported Tuesday (Dec. 3), the Consumer Financial Protection Bureau (CFPB) has proposed to boost the number of smaller banks and credit unions (CUs) that...
TransferWise, a London FinTech startup, is making a push beyond international money transfers by rolling out a new foreign exchange account. According to a report in Bloomberg News, the Borderless account will enable small businesses, including individual freelancers, to hold as many as 15 different currencies in the account...
March 27, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. False advertising of that sort can violate federal law, the agency said in a Wednesday (March 27) press release. This caution applies to both traditional providers of international […]
October 11, 2023
Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. The collaboration aims to raise awareness about...
October 11, 2023
Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the Consumer Financial Protection Bureau (CFPB). ...
May 24, 2017
TransferWise, a London FinTech startup, is making a push beyond international money transfers by rolling out a new foreign exchange account. According to a report in Bloomberg News, the Borderless account will enable small...
