by Hannah Levitt | Jul 21, 2017 | Business & Tech, Featured
WASHINGTON — A Federal Reserve task force Friday called on the U.S. financial system to make faster payment solutions available to every consumer and business by 2020. The Federal Reserve Faster Payments Task Force issued a final report that recommended a framework...
by Mengjie(Jessie) Jiang | Jul 20, 2017 | Business & Tech
WASHINGTON — Negotiations for a new version of the North American Free Trade Agreement should give President Donald Trump “a victory,” but not at the expense of Mexico and Canada, Canadian Ambassador David MacNaughton said Thursday. MacNaughton, speaking at a forum...
![House Subcommittee Finds Taxing Legitimate Money Transfers Won’t Combat Terrorism Financing]()
by Misha Euceph | Jul 20, 2017 | Business & Tech
WASHINGTON — Proposals to tax money transfers from the U.S. to citizens in other countries won’t stop the terrorist funding sent through informal channels like hawalas, experts warned a House terrorism subcommittee on Tuesday. Rep. Mike Rogers, R-Ala., proposed...
![Cotton says there’s enough time to repeal CFPB arbitration rule]()
by Yemeng Yang | Jul 20, 2017 | Business & Tech, Featured
WASHINGTON — Facing a 60-day deadline and a looming summer congressional recess, Sen. Tom Cotton of Arkansas vowed Wednesday that he and his fellow Republicans have enough time to overturn a rule that allows consumers to band together and sue financial institutions....
by Mengjie(Jessie) Jiang | Jul 18, 2017 | Business & Tech, Featured
WASHINGTON–U.S. and China have different goals for the Wednesday bilateral economic dialogue: President Donald Trump wants tangible success in reducing the U.S. trade deficit with China, while Chinese President Xi Jinping wants to keep the status quo, a number...
by Haley Velasco | Jul 18, 2017 | Business & Tech, Featured
WASHINGTON — The future of consumer spending? Visa Inc. (V) is betting on cashless. And to further its vision and aid in the transition to a system that it thinks can generate almost $7 billion in New York City alone and save more than almost 200 million hours in...
