Fed officially launches new FedNow instant payments service

The U.S. Federal Reserve Building in Washington, D.C.Win Mcnamee | ReutersThe Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals.Whether it's providing instant access to paychecks, allowing for last-minute bill...

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Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme

A fraudster who has been convicted twice before has been charged by the SEC for alleged involvement in a multimillion-dollar Ponzi-like scheme. The regulator says that Eliyahu Weinstein, Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson and Alaa Mohamed Hattab defrauded a total of $38 million...

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