politics

FCC, FTC Nominees Sent to Senate Floor for Confirmation Votes
FCC, FTC Nominees Sent to Senate Floor for Confirmation Votes
March 03, 2022  |  Politics

A divided U.S. Senate Commerce Committee has voted to send the nominees for the Federal Communications Commission and Federal Trade Commission to the floor for...

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Federal Reserve Proposes US Central Bank Payment System Changes
Federal Reserve Proposes US Central Bank Payment System Changes
March 01, 2022  |  Banking

The Federal Reserve Board has been looking closer at how financial firms get access to the U.S. Central Bank’s payment system, Bloomberg reported Tuesday (March...

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Visa and Mastercard Ban Russian Banks, Pledge $2M Each in Aid
Visa and Mastercard Ban Russian Banks, Pledge $2M Each in Aid
March 01, 2022  |  Credit Cards

Visa and Mastercard separately announced that they are both blocking numerous Russian financial institutions from their global card payment networks, in support of and compliance...

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FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
February 28, 2022  |  International

The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s...

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Russia Remains on SWIFT Over Fears of New Payments System
Russia Remains on SWIFT Over Fears of New Payments System
February 25, 2022  |  International

The EU and the U.S. are formally signing off on sanctions against Russia in response to President Vladimir Putin’s decision to invade Ukraine, but the...

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Biden, European Leaders Double Down on Russia Sanctions
Biden, European Leaders Double Down on Russia Sanctions
February 24, 2022  |  International

U.S. President Joe Biden and the leaders of the United Kingdom, dozens of European countries, Oceania and Japan announced sweeping sanctions on Thursday (Feb. 24)...

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US Lawmakers Urge Biden to Persuade EU to Change Digital Markets Act
US Lawmakers Urge Biden to Persuade EU to Change Digital Markets Act
February 24, 2022  |  Regulation

A bipartisan group of 30 lawmakers sent a letter to President Joe Biden urging him to talk to EU leaders and persuade them to change...

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Ukraine Caps Cash Withdrawals, Suspends Use of Digital Wallets
Ukraine Caps Cash Withdrawals, Suspends Use of Digital Wallets
February 24, 2022  |  International

Following the declaration of martial law in Ukraine, the central bank suspended the country’s currency markets, stopped the circulation of all securities, limited cash withdrawals...

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Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
February 21, 2022  |  Politics

The Biden administration is preparing sanctions against Russia that would come with banning U.S. financial institutions from processing transactions from Russia’s biggest banks if Russia...

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