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Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. The agreement — which was set to expire in 2020 — bars Live Nation from forcing venues to use Ticketmaster when they want to book tours, as well as retaliating when a venue uses another ticketing service.

National 130
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Mastercard Supports Women-Owned SMBs With $20M CNote Investment

PYMNTS

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. 24) in collaboration with the career platform for women Create & Cultivate.

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Medical Tourism 1 In 8 Int’l Trips By 2025

PYMNTS

Perhaps the most surprising insight Visa’s study provides is that outbound travel for Indian nationals over age 65 is expected to experience a staggering 193 percent increase in growth by 2025. The estimated annual growth in outbound travel in the 65-plus category is expected to hit 11.4 percent year over year.

Study 100
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Banks more confident about 2025 asset growth

American Banker

A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week's banking news roundup.

Survey 68
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New York Governor’s Proposed TED Bill Includes Sweeping BNPL Legislation

CFPB Monitor

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

New York 139
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eWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors

PYMNTS

The Hanoi-based MoMo plans to use the cash infusion to finance plans to become a “super-app” and go public in 2025, according to the news service, citing both the company and a source familiar with the deal. We hope to go public in the 2021-2025 period, possibly in 2025.

Capital 154
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Filtering Risk With a Bank Hedge Strategy

South State Correspondent

We estimate a high probability that after this current interest rate cutting cycle, which may end sometime in 2025, that higher inflation will result in the Federal Reserve having to move interest rates higher. Benefits of a Loan Hedge Strategy in 2025 The market is currently pricing two to three interest rate cuts in 2025.

Strategy 195