House Financial Services Leadership Focuses on Digital Assets
House Financial Services Leadership Targets Digital Assets The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation. Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.” In addition, Hill […]
Carvana Reestablishes Partnership with Ally Financial Following Hindenburg Report
Carvana Renews Ties With Ally Financial After Hindenburg Report Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online vehicle […]
Trump Issues Threats of Tariffs on EU Oil and Gas Imports | Global News
Trump threatens EU with tariffs over oil and gas imports | World News President-elect Donald Trump has warned the European Union to increase imports of US oil and gas or face tariffs on EU exports such as cars and machinery. Trump called the EU’s $208.7 billion goods trade deficit with the US in 2023 unacceptable, […]
Shopline and Onramp Collaborate to Provide Financing Solutions for U.S. Online Merchants
Shopline, Onramp Partner on Financing for US Online Merchants Shopline and Onramp Funds have teamed up to deliver flexible financing options to eCommerce businesses. With this partnership, U.S.-based online merchants using Shopline’s commerce services platform can access capital from Onramp Funds, which is a funding provider focused on eCommerce businesses, the companies said in a Tuesday […]
Lawsuit Claims Oil and Gas Companies Are Exploiting Native American Landowners in Eastern Oklahoma | News
Lawsuit alleges oil and gas companies are cheating Native American landowners in eastern Oklahoma | News WASHINGTON, D.C. — The Indian Law attorneys at mctlaw filed a lawsuit against the federal government on behalf of Native Americans for breach of trust and unconstitutional action in regard to their natural gas resources. The case includes the heirs to […]
The $7 Billion Embedded Finance Opportunity in B2B Sector
B2B’s $7 Billion Embedded Finance Opportunity There’s a multitrillion-dollar opportunity that’s rewriting the B2B playbook, and it starts with two words: embedded finance. The consumer payments buzzword is steadily making headway into the B2B space, and it is beginning to drive real change for buyers and suppliers across sectors by integrating payment processing and financing […]
India’s Central Bank Governor Cautions Against AI ‘Opacity’ in Financial Sector
India Central Bank Head Warns of AI ‘Opacity’ in Finance The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence (AI) and machine learning in the financial world can trigger stability risks, requiring proper risk […]
Japan Adds Uranium To Critical Minerals List
Nuclear plant. (Reference image generated with AI.) Japan has added uranium to its list of critical minerals in a move that seeks to reduce its dependence on foreign sources of nuclear element, particularly Russia’s, and to support domestic exploration and development projects. The decision, made by the Ministry of Economy, Trade and Industry (METI), comes […]
Chiefs Of Ontario Ask Provincial Government For Year-Long Moratorium On Mine Claims Staking
The Chiefs said the increase in claims led to an “insurmountable” administrative burden for First Nation communities responsible for reviewing and responding to the mining claims. “In accordance with Resolution 23/30S, which was passed at the Fall Chiefs Assembly 2023, the Chiefs of Ontario are calling on the Government of Ontario to declare a territory-wide […]