payments
A U.S. Senate committee investigating the tax avoidance work that Jeffrey Epstein, the registered sex offender, did for the private equity mogul Leon Black has questioned Bank of America over Mr. Black’s hefty payments to Mr. Epstein, according to a letter viewed by The New York Times. This month, Senator Ron Wyden of Oregon, the […]
After the murder of George Floyd in Minneapolis set off social justice protests and a racial reckoning in the summer of 2020, California created a task force to look into the issue of reparations. A nine-member panel conducted research on the harm done to the state’s roughly 2.5 million Black residents by systemic racism and […]
(Reuters) – Officials from the U.S. government asked UnitedHealth Group to expedite payments to healthcare providers in an open letter on Sunday, after a hack of the insurer’s Change Healthcare tech unit crippled medical claims and payments. Officials from the U.S. Department of Labor and the U.S. Department of Health and Human Services urged UnitedHealth […]
(Bloomberg) — Apple Inc. is opening its US App Store to allow outside payment options after the Supreme Court refused to consider the company’s appeal in an antitrust suit challenging its practices. Most Read from Bloomberg The company plans to let all third-party apps sold in the US include an outside link to a developer […]
Comment on this storyCommentAdd to your saved storiesSave The U.S. government spent $659 billion this year paying off the interest on its debt, according to a Treasury report released Friday, as the nation’s widening fiscal imbalance and the Federal Reserve’s rate hikes dramatically raised the federal cost of borrowing.
Crypto exchange Binance.US has faced a series of legal and financial challenges as regulators have increased their scrutiny of crypto companies of all kinds. Now it’s teaming up with another embattled crypto firm in an attempt to regain access to a steady flow of dollars. For more than a month, customers of the crypto exchange […]
U.S. bank JPMorgan has stopped processing payments for the Russian Agricultural Bank, Russia’s Foreign Ministry said on Friday. The Russian Agricultural Bank, or Rosselkhozbank, was cut off from the SWIFT international payments system by the European Union last year following Russia’s invasion of Ukraine. According to Reuters, JPMorgan had been handling some Russian . . .
US financial news live updates: July SNAP benefits, Social Security payments, IRS refunds… AS USA Source link
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday. From a report: The “FedNow” service, which has been in the […]
A San Francisco committee has released its final set of recommendations to provide reparations to the city’s Black community, including potential $5 million payments meant to rectify some of the harm caused by generations of systemic racism. But it is far from clear whether the possible payments — or any of the other most ambitious […]