finance

Impact of Potential US Remittance Tax Softened by Dollar and Economic Activity

Impact of Potential US Remittance Tax Softened by Dollar and Economic Activity

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May 22, 2025

Experts Weigh In on the Potential Remittance Tax According to Joan Domene, senior economist at Oxford Economics, the impact on...

86.7% of Mexican Companies Did Not Utilize New Bank Loans in Q1 2025: Banxico

86.7% of Mexican Companies Did Not Utilize New Bank Loans in Q1 2025: Banxico

Web Editor
May 22, 2025

Background and Relevance Banxico, Mexico’s central bank, recently released data from its survey on the evolution of business financing for...

Seven out of Ten Fail Anti-Money Laundering Certification by CNBV: Examinations to Strengthen Focus on Terrorism Financing

Seven out of Ten Fail Anti-Money Laundering Certification by CNBV: Examinations to Strengthen Focus on Terrorism Financing

Web Editor
May 22, 2025

Introduction and Background A decade after its implementation, the anti-money laundering (AML) certification by Mexico’s National Banking and Securities Commission...

The People’s Chamber Aims to Lower Remittance Costs in Rural Communities

The People’s Chamber Aims to Lower Remittance Costs in Rural Communities

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May 22, 2025

Introduction to the People’s Chamber and its Objectives The People’s Chamber, which is advancing in its authorization process with the...

Argentina Eases Regulations on Undeclared Dollars to Attract Hidden Currency

Argentina Eases Regulations on Undeclared Dollars to Attract Hidden Currency

Web Editor
May 22, 2025

Background and Context Argentina’s government announced a plan on Thursday to relax regulations that would allow citizens to use their...

US House Approves 3.5% Tax on Remittances; Senate Has Until September 30 to Confirm

US House Approves 3.5% Tax on Remittances; Senate Has Until September 30 to Confirm

Web Editor
May 22, 2025

Background and Key Players The US House of Representatives has approved the implementation of a 3.5% tax on remittances sent...

Trump Mulls Privatizing Fannie Mae and Freddie Mac: Implications for US Housing Market

Trump Mulls Privatizing Fannie Mae and Freddie Mac: Implications for US Housing Market

Web Editor
May 21, 2025

Background on Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac are two prominent mortgage giants in the United...

Mexican Banks Remain Well Capitalized at End of First Quarter 2025

Mexican Banks Remain Well Capitalized at End of First Quarter 2025

Web Editor
May 21, 2025

Overview of Mexican Banking Sector’s Capital Strength The Mexican banking sector concluded the first quarter of 2025 in a robust...

Nu Mexico Customers Can Now Make Deposits at All Oxxo Stores

Nu Mexico Customers Can Now Make Deposits at All Oxxo Stores

Web Editor
May 21, 2025

Introduction to Nu Mexico and Oxxo Partnership Nu Mexico, a digital bank, and Oxxo, a widely-spread convenience store chain in...

CAME Shareholders to Decide the Future of the Financial Entity

CAME Shareholders to Decide the Future of the Financial Entity

Web Editor
May 21, 2025

Background on CAME and its Current Situation The Consejo de Asistencia al Microemprendedor (CAME), a sociedad financiera popular, has called...

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