Western Union's North American money transfer business logged a decline in cross-border remittance revenue, led by drops in the U.S. to Mexico corridor, its largest remittance stream by far. The company is also bracing for the 1% remittance tax codified in the "Big Beautiful Bill," a levy that does not directly apply to banks.
Some traditional bankers are unsettled by the wave of crypto and fintech banks getting bank charters. This Nashville bank CEO sees opportunity.
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The Federal Reserve's instant-payments rail may cut into card issuers' credit and debit card volume over time, but it could also help smaller institutions expand their services.
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Taylor Swift fans across Asia have flocked to sign up for United Overseas Bank's cards as the frenzy to get hold of the pop star's Singapore concert tickets heats up.
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The Supreme Court's decision to strike down billions in debt forgiveness could make it harder for millions of Americans to pay back other kinds of debt. It also threatens to further curtail lending in an already sluggish credit market.
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
Xu Guojun, a former local branch head at Bank of China, was handed a life sentence over one of the Asian nation's biggest bank frauds.
Europe's top finance ministers are questioning the U.S.'s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.
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The move toward a cashless economy in China reveals a boom in actionable data, says Azoya USA's Franklin Chu.
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Like their counterparts in the U.K., U.S. regulators should be working closely with the private sector to establish principles and guardrails to direct and focus tech advancements in ways that will protect consumers and financial stability.
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There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit.
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Judge Sparkle Sooknanan granted the National Fair Housing Alliance a temporary restraining order which requires HUD to resume distribution of enforcement funds.
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The CDFI Fund has yet to announce and disburse awards for five programs, even though applications closed months ago, the lawmakers said in a letter to Office of Management and Budget Director Russell Vought.
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Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.
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The legislation would direct the department to assess the federal government's ability to respond to a host of systemic challenges including war, pandemic and financial crisis.
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After leaving Wall Street's expectations in the dust, the San Francisco-based fintech dialed up its outlook for the rest of 2025. And as regulators warm to crypto, SoFi sees opportunities for years to come.
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The Senate Banking Committee passed a housing package that includes funding for manufactured and other kinds of housing, but also includes an appraisal provision that mortgage bankers oppose.
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David Lien is a senior executive with extensive experience in insurance and technology, specializing in multi-channel marketing and digital transformation. He has held leadership roles at major insurers including MetLife and Sunshine Insurance, and as a partner currently leads AI-driven innovation initiatives at LingXi Technology. With over 20 years in the insurance industry and recent focus on causal AI applications, he writes on human-machine collaboration and the future of insurance, with recent articles published in Insurance Thought Leadership and Medium Bootcamp.
The 23rd annual ranking of women leaders in the banking industry.
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