Brazil to Eliminate Stablecoins from Cross-Border Transactions
The Central Bank of Brazil is drawing a hard line on how crypto can be used in the country’s financial system, effectively shutting stablecoins out of cross-border payments. Under Resolution No. 561, such transactions will need to go through traditional foreign exchange channels or be processed via non-resident Brazilian real accounts held in Brazil, with […]
As Digital Fraud Booms, AARP Warns of Continued Analog Threats
AARP New York recently hosted a series of “The Big Shred NY!” events to shred sensitive documents—approximately 420,000 pounds in total—and remind consumers about the importance of safeguarding personal information. The organization highlighted that fraud cost New York residents more than $700 million last year, and that criminals will exploit every opportunity. While many attacks […]
Co-Branded Credit Cards Still Hold Promise for Smaller Issuers
Airlines pioneered co-branded credit cards decades ago as a way to reward frequent flyers and strengthen customer relationships in a rapidly growing industry. Since then, co-branded cards have expanded across nearly every sector—from retail and restaurants to hospitality. Not all co-brands, however, are created equal. Consider Wells Fargo’s recent bad investment with its Bilt partnership, […]