Singapore Considers Caning as Scams Jump 70%
How bad has Singapore’s scamming problem gotten? Authorities are considering corporal punishment for offenders.
“We believe in caning as a strong deterrent,” Loretta Yuen, chair of the fraud com...
CFPB Reverses Position on Removing Medical Debt From Credit Reports
America’s consumer protection watchdog has switched its position on removing medical debt from credit reports.
The Consumer Financial Protection Bureau (CFPB) earlier this year finalized a rule that...
Banks Want SEC to Rescind Cyberattack Disclosure Requirements
American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements.
These groups, led by the American Bankers Association (ABA), w...
Open Banking Transactions Dwarfed by Card Payments in UK
Has open banking lived up to its potential in Great Britain?
So far, not really, the Financial Times (FT) argued in a report Monday (May 26).
The report noted that opening banking has seen success in ...
China Wants Banks to Up Yuan Use in Cross-Border Transactions
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions.
The People’s Bank of China has increased the base ratio for yuan-denominated trade transactions fro...
New York Surpasses London as the World’s Leading Financial Hub
New York has reportedly reclaimed its position as the world’s leading financial center in 2025, overtaking London, according to the 37th edition of the Global Financial Centres Index (GFCI 37). This...
