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The Trump administration has revealed tougher rules for foreigners who want to invest in U.S. businesses that rely on sensitive technology, infrastructure and data.Treasury Department officials are getting set to implement the law passed by Congress last year that will expand the scope of
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stanley italy ational-security reviews of foreign investment deals, including those involving satellites, oil refineries, financial-market systems and drinking water utilities.The law gives more power to the Committee on Foreign Investment in the United States CFIUS . Todays proposed regulations will provide clarity and certainty to investors regarding CFIUSs enhanced authorities to address national security risks that arise from certain foreign investments, Treasury Secretary Steven T. Mnuchin said in a statement Tuesday Sept. 17 , according to the Wall Street JournalThere has yet to be a decision on whether investments from certain countries will face tougher review. Treasury officials also released a list of U.S. military bases, airports and maritime ports where nearby foreign investment could come under tighter scrutiny. The Trump administration and Congress worked together in a bipartisan manner, a senior Treasury official said, recognizing tha
stanley website t some vulnerabilities could be exploited through transactions that fell outside of CFIUSs traditional control and jurisdiction. But not everyone is in support of the changes. Industry officials have warned that the new regulations could overwhelm Treasur Akdw PYMNTS PrimeDay Report Card
Walmart has finally made it official: As of October, it
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stanley usa ll directly offer federally-insured checking accounts, albeit through an arrangement with longtime partner Green Dot. The service will be
stanley cup called Go Bank and its raison d ;etre is to waive fees for bounced checks, overdrafts and not having a minimum account balance鈥攁lthough it insists on direct deposits of at least $500/month or it will charge $8.95/month鈥攖o lure in lower-income shoppers who are hit hard by such fees. The service does have a one-time fee of $2.95 and is designed to interact with mobile devices as well as directly at Walmart stores.Daniel Eckert, a Senior VP/sales at Walmart, said such fees can cost bank customers $200-$300/year. Eckert then translated that鈥攊n a comment made to the Los Angeles Times鈥攊n Walmart terms: That is typically what our customers spend for fresh fruit and vegetables a year, Eckert said.But how can any financial institution handle the risks and costs associated with not charging for bounced checks and overdrafts Green Dot spokesperson Sharon Pope told the LA Times that although they intend to decline such transactions, 8220 ometimes larger purchases slip through. The account is then frozen until the dollars are recovered.Walmart will also forego the typical in-depth customer paperwork interrogations that often accompany a checking account application and will instead simply verify identity and then use its own credit checking system. Green Dot CEO Stev
