The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
Mobile could become the one-stop shop that banking companies never quite achieved, blending basic banking, wealth management and other services, if efforts like those underway at Citigroup's fintech unit succeed.
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With the payments industry looking for signs of consumer distress, the credit card company says spending is starting to stabilize and it's retaining customers at a strong rate.
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New York Attorney General Letitia James asked a state court for permission to issue subpoenas to Capital One as part of an ongoing antitrust probe by the state,
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With two excellent real-time payments rails now available in the U.S., enabling QR code transactions is essential. The financial services industry needs to come together and establish uniform standards.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Sports stars face unique challenges obtaining credit, and bankers need to develop certain skills to court those prospects successfully.
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By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping.
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The long-running feud between banks and fintech companies over screen scraping is morphing into a more nuanced and important conversation about how to exchange consumers' financial data securely and fairly.
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As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.
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The agency flagged faulty risk management and other issues at the Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of San Francisco in exams conducted last year.
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The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.
The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
The acting chair argued for a simplified capital hike, criticized past approaches to bank mergers and signaled movement on the FDIC board could be coming soon.
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As we look ahead to fresh innovations in fintech, we should try to reconnect with a deeper, more intentional set of human relationships foundational to our experience of money.
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The proposal fails to account for the needs of small and medium-size businesses, which depend on banking data connectivity to keep their operations running.
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Bank regulators' advance pledge to set capital levels at or above those required by the agreement is evidence that the results of the notice and comment period have been predetermined.
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The bank has been on a multiyear journey to deploy artificial intelligence, starting with a massive data cleanup project, chief information officer Brian Schaeffer says.
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The Brazilian fintech is on the hunt for an acquisition since new rules approved in November forbid the use of "bank" in a brand unless the company holds a banking license, which Nubank does not.
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Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.
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Recent weeks have seen a flurry of stablecoin risk reports from international finance institutions. Noelle Acheson deduces what's really going on here.
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The largest bank deal to be announced in 2025 is still on track to close in the first quarter of next year, Fifth Third CEO Tim Spence said. His comments came amid opposition to various aspects of the deal, as well as how it came together and the timeline for closing the transaction.
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Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.
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The state is requiring merchants to accept cash denominations of $20 and under and prohibits them from charging extra to accept cash. The law, which goes into effect in March, comes as merchants are responding to the Trump administration's abrupt cancellation of penny production.
A bipartisan housing provision has emerged as a critical negotiating point for passage of an uncommonly bank-relevant defense authorization bill.
The 23rd annual ranking of women leaders in the banking industry.
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