Washington, D.C. – BPI Senior Vice President and Associate General Counsel Drew Ruben issued the following statement today in response to the FCC’s proposed “Know Your Customer“ rule: “BPI strongly supports the FCC proposal to prevent criminals from exploiting telecom accounts and defrauding American consumers. We look forward to commenting and appreciate the FCC’s continued …

Washington, D.C. – BPI Senior Vice President Clara Kim issued the following statement today in response to Treasury’s proposed updates to Bank Secrecy Act rules: “BPI appreciates Secretary Bessent’s leadership in reforming BSA rules to allow banks to refocus resources toward stopping illicit finance and away from check the box exercises, and we commend efforts to build up …

Originally published by Open Banker America has one of the most competitive banking systems in the world, home to more than 4,000 banks, 4,000 credit unions, and over 10,000 fintech companies. These entities underlie the safe, efficient payment system in the U.S. that allows consumers significant choice in how they pay. But you wouldn’t know …

Selected Outside Research Sports Betting Across Borders: Spatial Spillovers, Credit Distress, and Fiscal Externalities A 2018 Supreme Court decision invalidating a federal law banning sports betting in the U.S. has led to its legalization in 38 states. This has resulted in a proliferation of sports betting activity, primarily in the form of “sportsbook” wagers using …