article thumbnail

Mastercard, Visa play down stablecoin threat

Payments Dive

Published July 17, 2025 Patrick Cooley Reporter post share post print email license People walk by a window sticker advertising Visa and MasterCard credit cards February 25, 2008 in San Francisco, California. Justin Sullivan via Getty Images Visa and Mastercard, the two biggest U.S. Sign up A valid email address is required.

article thumbnail

Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk

PYMNTS

With big banks reining in commercial real estate loans, small banks have moved to fill the void as a way to expand. Bank OZK said when announcing the write-downs that the two loans were issued in 2007 and 2008 and were older than the rest of its loans, which were originated mainly since 2015. But Bank OZK isn’t alone.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Vibrant Growth of Fintech in Spain

Fintech Review

Many Spanish banks were severely impacted during the 2008 financial crisis. Their ability to leverage cutting-edge technology to provide user-friendly and accessible financial services has not only filled the void left by traditional banks but also set new standards for the industry. It led to significant consolidation in the sector.

article thumbnail

Zimbabwe To Allow Withdrawal Of US Dollars From Foreign Currency Accounts

PYMNTS

The fear was that the central bank could potentially go into and take funds from foreign currency accounts, the way former ruler Robert Mugabe did in 2008. The president said he would start by printing 400 million Zimbabwe dollars, and that he would slowly introduce them into circulation to fill the void left by ending dollarization.

article thumbnail

Class Action Vs. MasterCard Looms In UK

PYMNTS

That voided case, and the one that may come in the U.K., Merrick’s statement detailing his intentions contended that “ the prices of everything we all bought from 1992 to 2008 were higher than they should have been as a result of the unlawful conduct of MasterCard. My aim is to get the redress to which U.K.

article thumbnail

CashCall, Courts And California’s Increasingly Confusing Lending Market

PYMNTS

A class of borrowers, who brought a suit against CashCall in 2008, argued that the interest rates charged — in combination with other elements of the loans’ terms — made them unconscionable. However, when those caps were moved in the 1980s, lawmakers included language in the legislation that noted rates could be found “unconscionable.”

article thumbnail

Retail’s Small Business Crisis

PYMNTS

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. And they fear that the impact on the vitality of the local economies that this void has created won’t be fully felt for a decade or more. More businesses opened than closed — until 2008. The mix of these businesses is also very different.