Day: March 9, 2022

The Financial Services and Markets Authority (FSMA) has concluded the first part of its study of payment protection insurance offered in conjunction with consumer loans. The first observations indicate that such products are expensive considering the cover offered. A payment protection insurance contract subscribed for a consumer loan covers the balance owing on a loan […]

Cryptocurrency exchanges and financial services companies will soon likely no longer be able to accept transactions completed with many major credit cards following the companies ceasing operations for Russia-based users. On Saturday, Visa, Mastercard, and PayPal announced they would be suspending operations in Russia following the country’s military actions in Ukraine. Visa called Russia’s actions […]

XPO Logistics Inc. XPO, +2.72% stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said would be tax-free to shareholders. One of the companies would encompass XPO’s freight brokerage business, which matches loads from shipping customers to […]