ECB Supervisor Approves of Cross-Border Bank Mergers After Controversial UniCredit Move
UniCredit’s recent purchase of a significant stake in Germany’s Commerzbank ignited its share of controversy, but the Chief Supervisor of the European Central Bank has called for more cross-border bank mergers. Though she did not specifically mention UniCredit or Commerzbank, the ECB’s Claudia Buch told attendees at a conference in Lithuania that “cross-border activities and […]
What Will Drive Instant Payment Adoption?
Most experts agree that instant payments will eventually become commonplace in the United States. But what’s will drive that shift? It could well be earned wage access (EWA), which allows employees to access their earned pay before their traditional payday. Payments experts widely agree that this is not only the use case most likely to […]
The Folly of Capping Credit Card Interest Rates
One idea floated in the current presidential race is temporarily imposing price controls on credit card rates, limiting them to 10%. While this may seem appealing to consumers living in a world where the average credit card interest rate is 22.76%, such price controls could have a potentially adverse—and possibly catastrophic—impact on the U.S. credit […]