China raises loan-support efforts for developers amid mortgage boycott

China raises loan-support efforts for developers amid mortgage boycott

A woman walks near a construction site of apartment buildings in Beijing, China, July 15, 2022. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register SHANGHAI/BEIJING, July 18 (Reuters) – Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the beleaguered property sector faced fresh

Atlanta Fed raises flags about fintech’s impact on financial inclusion

Atlanta Fed raises flags about fintech’s impact on financial inclusion

The Federal Reserve Bank of Atlanta has created a cross-industry group to bridge the gaps created between financial innovations and the underbanked. Called the Special Committee on Payments Inclusion, it will consider the unintended negative impact of smartphone-driven services like digital wallets, mobile payments and P2P apps. The committee will be active for two years.