Federal Deposit Insurance Corp. Chair Travis Hill said in remarks Wednesday that privacy and know-your-customer gaps remain for banks that work with public, permissionless blockchains, and that the agency may need to clarify how banks can interact with them.
BVNK's technology enables traditional currency and stablecoins to work together, and will enable the card network to improve distribution for clients that use digital assets.
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Banks that don't offer buy now/pay later risk pushing customers — especially younger ones — into fintechs' arms.
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The $8.2 billion-asset bank says it's nearly finished building a platform that will provide gaming operators with real-time payment capability.
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While it's moving away from embedding transactions in ChatGPT to funneling purchases through third parties, analysts say the artificial intelligence lab's shift doesn't dilute the threat large language models pose to traditional card issuers.
The e-commerce giant has attributed outages to AI-assisted code.
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For the first time, we're expanding coverage powered by our sister brands Financial Planning and National Mortgage News.
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A new annual compensation report by consulting firm Succession Resource Group explains how pay plans can boost — or detract from — the value of an RIA.
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Federal Judge David Nye sides with a broker fired over five years ago for placing trades without first obtaining his client's permission.
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Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
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President Trump's executive order on mortgage credit calls on federal agencies to ease the path for eNotes, digital mortgages and remote notary, something lenders have been wrestling with for years.
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The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
New York Attorney General Letitia James and 12 of her peers alleged Monday that the personal installment lender surreptitiously adds costs for unwanted products. OneMain denied the claims.
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
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It won't be long before the ongoing closure of the Strait of Hormuz begins to make itself felt across various aspects of banks' balance sheets. If it's protracted, a new oil shock will force a major reassessment of asset values.
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The Trump administration wants to reverse fair-lending laws; the Fed's rate setters will do exactly what they've already told everybody they're going to do.
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State attorneys general sued the Department of Housing and Urban Development as well as lender OneMain Financial; M&T Bank CEO Rene Jones talks about the changing nature of money, and the stone money of Yap.
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Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
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Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
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Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
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The 2023 takeover of Credit Suisse boosted UBS's size but also saddled it with the challenge of integrating vast operations.
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The RIA technology platform builds on its acquisition of AI-powered liability-optimization fintech Sora Finance last year.
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The annual rankings honor the notable performances of individuals in banking and finance and as teams.
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Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
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Think your credit union has one of the best workplaces in the country? Here's how to apply for American Banker's ranking of the Best Credit Unions to Work For.
The 23rd annual ranking of women leaders in the banking industry.
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