Scammers impersonate NJ MVC in phishing text scheme demanding fake traffic payments
TRENTON, N.J. — A wave of SMS phishing scams has hit New Jersey residents this week, with cybercriminals impersonating the state’s Motor Vehicle Commission in fraudulent messages threatening license suspensions and financial…
Jury Convicts Duo in Elderly Fraud Scheme Involving Fake Bail Payments
PITTSBURGH, PA – Two Las Vegas men, Roderick Feurtado, 56, and Tarek Bouanane, 47, were found guilty of conspiracy to commit wire fraud by a federal jury, according to an announcement from…
Russia ramps up China yuan payments for imports amid sanctions -EBRD
By Jorgelina do Rosario LONDON (Reuters) – The share of Russia’s imports invoiced in Chinese yuan soared to 20% in 2022 from 3% a year earlier after its invasion of Ukraine unleashed…
Britain sees 14% annual rise in missed direct debit payments
By David Milliken LONDON (Reuters) – Britain reported an annual rise of 14% in missed bill payments last month for their second highest rate on record, figures on Thursday showed, pointing to…
As war grinds on, HSBC halts Russia payments
By Iain Withers LONDON (Reuters) – HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed…
Analysis-Default dodged, but Country Garden’s upcoming debt payments stir worries
By Xie Yu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) – Creditors of Country Garden Holdings are doubtful the Chinese developer will be in a position to service debt that will come…
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as…
Some onshore creditors of Country Garden private bond receive interest payments – sources
HONG KONG (Reuters) – Some onshore creditors of embattled Chinese property developer Country Garden’s private bond have received interest payments, sources told Reuters on Friday. The development comes after Country Garden on…
Vietnam joins Southeast Asian effort on cross-border payments
JAKARTA (Reuters) – Vietnam’s central bank signed an agreement on Friday to be part of an initiative by five other Southeast Asian countries to establish a cross-border payments mechanisms between them. Vietnam…
Furious Chinese investors lodge complaints over trust firm’s missed payments
BEIJING (Reuters) – Angry investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators, pleading with the authorities to step in after the big Chinese trust…
Exclusive-TikTok in talks to gain Indonesian payments licence
By Stefanno Sulaiman JAKARTA (Reuters) – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in…
Burisma CEO Bragged It Would Take ’10 Years’ To Find Records Showing ‘Illicit Payments To Joe Biden’: FBI Source
Burisma CEO Bragged It Would Take ’10 Years’ To Find Records Showing ‘Illicit Payments To Joe Biden’: FBI Source Arjun Singh on July 20, 2023 The CEO of Burisma Holdings, a Ukrainian…
Paris success in attracting London banks boosts balance of payments
PARIS (Reuters) – France’s post-Brexit success in attracting banks from London to Paris has exceeded expectations and is increasingly showing up in the country’s balance of payments, the central bank said on…
US Treasury says COVID anti-foreclosure payments reach $3.7 billion
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday that state programs using its COVID-19 Homeowner Assistance Fund distributed $1.2 billion in aid to homeowners in the first…
US farm agency opens applications for $2.2 billion in discrimination payments
By Leah Douglas WASHINGTON (Reuters) -The Biden administration will begin accepting applications for $2.2 billion in financial assistance for farmers who have experienced discrimination at the hands of the U.S. Department of…
‘Error Rates’ For Food Stamp Payments Soar To New Heights Under Biden Admin
‘Error Rates’ For Food Stamp Payments Soar To New Heights Under Biden Admin Will Kessler on July 5, 2023 The U.S. Department of Agriculture (USDA) erroneously overpaid in nearly 10% of food…
Biden Admin’s New Student Loan Plan Will Involve Zero-Dollar Payments For Millions, No Penalties For A Year
Biden Admin’s New Student Loan Plan Will Involve Zero-Dollar Payments For Millions, No Penalties For A Year Reagan Reese on July 2, 2023 The Biden administration is planning to use a generous…
Fed says 57 firms set to use ‘FedNow’ instant payments after late July launch
WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Thursday that 57 firms have been certified to utilize its “FedNow” instant payments system after it launches in late July. The Fed did…
EU proposes payments sector shake-up to boost fintechs
By Huw Jones LONDON (Reuters) -The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash as fewer…
Clinton-Appointed Judge Strikes Down Florida Ban On Medicaid Payments For Sex Changes
Clinton-Appointed Judge Strikes Down Florida Ban On Medicaid Payments For Sex Changes Jake Smith on June 22, 2023 A federal judge struck down Florida’s prohibition on Medicaid coverage for sex-change treatments, a…
Majority Of Americans Believe Biden Family Took Foreign Influence Payments: REPORT
Majority Of Americans Believe Biden Family Took Foreign Influence Payments: REPORT Kate Anderson on June 14, 2023 Over half of American voters believe that the Biden family has accepted payments from foreign…
EXCLUSIVE: Audit Reveals ‘Improper Payments’ From Feds Ballooned To Over Half A Trillion Dollars Under Biden
EXCLUSIVE: Audit Reveals ‘Improper Payments’ From Feds Ballooned To Over Half A Trillion Dollars Under Biden Will Kessler on June 13, 2023 The Biden administration wasted over half a trillion dollars in…
U.S. Treasury’s Adeyemo sees no ability to ‘triage’ payments without debt limit hike
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to “triage” payment priorities if the debt ceiling is not raised,…
Italy’s UniCredit expands payments partnership with Mastercard
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard. The agreement covers 13 banks in 12 markets, totalling 20 million cards,…
New Zealand banks move to processing payments seven days a week
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments…
US Treasury asks federal agencies for payments clarity as debt ceiling default looms
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication on the payments they expect to make and receive in the coming…
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