Banking and Financial Institutions – Page 178

India Embraces Digital Payments Over Cash, Even for a 10-Cent Chai

India’s homegrown instant payment system has remade commerce and pulled millions into the formal economy.

Banking and Financial Institutions Compensation for Damages (Law) Ponzi and Pyramid Schemes Stanford, Robert Allen Suits and Litigation (Civil) Toronto Dominion Bank

TD Bank to Pay $1.2 Billion to Settle Stanford Financial Ponzi Case

The Canadian lender settled claims arising from a scandal involving Stanford Financial, which collapsed in 2009 and cost ordinary investors some $7 billion.

By Matthew Goldstein

Banking and Financial Institutions Constitution (US) Consumer Financial Protection Bureau Consumer Protection Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Regulation and Deregulation of Industry Supreme Court (US) United States Politics and Government

Supreme Court to Take Up Case on Fate of Consumer Watchdog

A decision against the bureau could cast doubt on every rule and enforcement action the Consumer Financial Protection Bureau has taken.

By Adam Liptak

Banking and Financial Institutions Bao Fan (1970- ) China Renaissance Group Economic Conditions and Trends Politics and Government

Bao Fan, Banker in China Who Vanished, Is Said to Be Aiding Inquiry

In a filing on Sunday, China Renaissance Bank said that its C.E.O., Bao Fan, was “cooperating in an investigation” by Chinese authorities.

By David McCabe

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