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Facebook's road to Libra: 2009 to 2019

Payments Source

Facebook's Libra project didn't come from nowhere. The social network has a long history of experimenting with digital payments, and launched a separate (and ill-fated) digital currency a decade ago.

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CFPB To Review Fed’s 2009 Overdraft Rule

PYMNTS

The 2009 rule requires that financial institutions (FIs) allow consumers to “opt in” to overdraft services for a fee. It also stops banks from charging overdraft fees on ATM and one-time debit card transactions without consumer consent.

CFPB 48
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China’s Economy Has Slowest Pace Of Growth Since Early 2009

PYMNTS

That, according to the New York Times, marks the slowest economic growth rate since the beginning part of 2009. According to a report in the New York Times on Friday (October 19), the government in China said the economy grew 6.5 percent during the three months ending in September on a year-over-year basis.

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Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off rate at 5.4 percent in 2016.

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Reserve Bank of India rules online marketplaces must comply with 2009 guidelines

The Paypers

(The Paypers) Reserve Bank of India has ruled that online marketplaces must adhere to its 2009 guidelines on settlement of payments for electronic payment transactions involving intermediaries.

Rules 28
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Alkami Teams Up with Kemba Credit Union

Finovate

One of Finovate’s earliest alums, Texas-based Alkami Technology made its Finovate debut as iThryv in 2009. Alkami Technology made its Finovate debut in 2009 as iThryv. Via the partnership, the financial institution will launch a new digital banking solution for its retail and business members. billion in assets.

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All Singapore Financial Institutions Now Face Tighter Fair Dealing Requirements

Fintech News

Initially introduced in 2009 under the Financial Advisers Act, the guidelines previously covered investment product selection, marketing, distribution, advice, and post-sales services.