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From small businesses to global brands, businesses continue to face challenges when making payments across borders in order to pursue the massive opportunity that doing business globally provides.In a panel discussion hosted by Ben Ellis, Global Head, Visa B2B Connect, Visa Business Solutions, two payments experts weighed in on how things have changed in the wake of the pandemic.For starters, Immediate COO Michael <a href=https://www.cups-stanley-cups.ca>stanley cup canada</a> Orme and Nuula CEO Mark Ruddock said that CFOs and treasurers now need to manage the rising cost of capital and also grapple with the rise of the strong dollar, all while being as strategic as possible amid uncertain consumer and business demand. Call it the imperfect storm of cross-border payments, where challenge and opportunity collide.Weve come a long way from the days when making a cross-border payment involved marching down to a physical bank branch, filling out paperwork and initiating wire transfers. Nowadays, platforms serve as digital conduits toward getting cross-border commerce done in different currencies and different time zones.Pain Points Are Still HereBut at a high level, Orme and Ruddock said that despite the acceleration and adoption of technology geared toward making cross-border payme <a href=https://www.stanley-germany.de>stanley quencher</a> nts and commerce easier, numerous pain points persist, including inefficiencies, Orme said, that lie chiefly with coverage consistency and settlement.There are still countries where businesses are underserved by trad <a href=https://www.cups-stanley-cups.ca>stanley cup</a> itional banking coverage and thus lack access to Lxfs Solana Pay Integrates With Shopify to Enable Decentralized Payments
Seeking to inject more transparency into the <a href=https://www.stanleycup.fr>stanley mug</a> Consumer Financial Protection Bureau CFPB , Rep.聽Sean Duffy, R-Wis., has introduced legislation designed to do just that.American Banker reported that Duffy, along with聽co-sponsor Rep. Ed Perlmutter, D-Colo., introduced legislation that would require the CFPB director, currently Mick Mulvaney, to provide聽 guidance that is necessary or appropriate to enable the Bureau to carry out federal consumer financial law, including facilitating compliance with such law. The law would also prevent the government watchdog from penalizing institutions that rely on guidance from the CFPB. Im proud to sponsor bipartisan legislation to bring predictability and transparency to the CFPBs rule-making process, Duffy said. The CFPB should focus on its mission to actually protect consumers rather than playing gotcha with ambiguous and surprising guidance for mortgage lenders. Companies have been objecting to the guidance process by the CFPB, which they say is more like a binding regulation. The Senate, noted the report, recently overturned a CFPB guidance from 2013 that prevents indirect auto loan markups after it was found to be a rule by the U.S. Government Accountability Office.聽A House vote on that Senate move is slated to happen this week.Under the Duffy bill, the CFPB would have to put limits in place to provide answers when companies ask for guidance, and create a process f <a href=https://www.stanleycups.us>stanley us</a> or amending and, in some cases, revoking g <a href=https://www.stanley-cup.us>stanley mugs</a> uidance.The legislation come
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