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A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives, was the sinister headline to a recent The Canadian Press article.The change that is in the works is something called “open banking” and the Canadian federal government has promised framework legislation in next month’s budget to bring the system to Canada.Under open banking, banks allow access and control of customers’ personal and financial data to third-party service providers.One of the biggest areas of growth is in credit assessments, The Canadian Press reported. “Under open banking, lenders could directly access an individual’s banking data,...

I imagine life can often feel pretty difficult for today’s high school students. On top of dealing with classic teenage drama like homework, hormones, pimples, parents, driving, dating, university selection, and more, students these days have to contend with a host of new challenges. They suffered long periods of brutal Covid lockdowns. Active shooter drills are a normal part of student life. And, of course, there’s the nonstop anxiety and peer pressure of social media. Plus, on top of everything else, students today have also been force-fed some pretty bizarre ideas. Classical literature, advanced mathematics, and hard sciences have taken...

Federal investigators asked banks to search and filter customer transactions by using terms like "MAGA" and "Trump" as part of an investigation into Jan. 6, warning that purchases of "religious texts" could indicate "extremism," the House Judiciary Committee revealed Wednesday. Fox News Digital has learned the committee also obtained documents that indicate officials suggested that banks query transactions with keywords like Dick's Sporting Goods, Cabela's, Bass Pro Shops and more. The House Judiciary Committee and its subcommittee on the Weaponization of the Federal Government have been conducting oversight of federal law enforcement’s "receipt of information about American citizens without legal...

DENVER (KDVR) — Some people are not getting their paychecks Friday due to a banking system issue. Deposits are reportedly delayed at multiple banks across the U.S. The Federal Reserve is reporting an issue with the Automated Clearing House, which is the primary system agencies use for electronic funds transfers. Customers of Bank of America, Chase, U.S. Bank, Wells Fargo and other banks have been reporting issues with deposits on X, formally Twitter, and Downdetector. Both Chase and Bank of America gave statements to CNN, confirming that some deposits may be delayed. The Fed reported a batch of transfers had...

Ghana - once touted as a trailblazing African economic success story - is facing an unprecedented financial crisis.This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana and his two deputies to resign over the loss of about 60bn Ghanaian cedis ($5.2bn; £4.3bn) in the 2022 financial year. The demonstration, dubbed #OccupyBoG, was led by the opposition National Democratic Congress (NDC) party. The protesters, dressed in red shirts, scarves and berets, chanted songs and held banners - some reading "stop the looting, we are suffering". The opposition claims...

When I talk about the war on cash and a cashless society, some people think I’m exaggerating the threat or they don’t take it seriously. But I’m not exaggerating the threat. It’s here, it’s growing and it’ll only get worse. Today I’ll show you the latest example. The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can just swipe a card or pay with your smartphone? Besides, they say, cash enables criminal activity on the black market. Cash is the money of...

The UK proposes closing up to 1,000 railway ticket offices leaving passengers to buy their tickets online and then show a digital pass on either a smartphone or tablet. In other words, cash and physical tickets are being replaced with a digital pass. At sporting events such as the Rugby World Cup, fans can only buy tickets online and then present them to a turnstile to gain entry to the grounds. In other words, cash and physical tickets have been replaced with a digital pass. Finnish citizens can now verify their identity at the UK border by showing a digital...