The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
Banks have used biometrics for about a decade, but there are a number of hurdles that banks, device makers and customers need to overcome before passwords are history.
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The Federal Reserve Board's top payments official said the agency should not move forward with its push to lower the cap on debit interchange fees until it has a better understanding of recent Supreme Court decisions.
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Blockchain-powered transactions for businesses are still in their infancy, but use is expected to grow and banks stand to lose if they don't get up to speed.
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Deconsolidation from Seven & i resulting from a reduction of its stake in Seven Bank would make such a scenario more possible, according to CEO Masaaki Matsuhashi.
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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A new TV program airing in Rhode island will highlight financial literacy and the benefits of banking with with credit unions.
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In our recent Community Bank Tech Projects series, we looked at the way a handful of banks chose to invest their precious resources over the last year. Here is a roundup of those projects.
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MySpend, the app created by TD Bank and Moven, is a hit in Canada. The companies have signed an agreement to extend exclusivity to the U.S.
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He co-founded California Rural Legal Assistance, Public Advocates and the Greenlining Institute.
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Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.
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The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.
Reading Cooperative's combination with Wakefield Cooperative, the third deal involving Boston-area banks announced in the past month, would create a $1.2 billion community bank.
Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the long haul, but it won't result in any sudden gains, according to CFO Michael Santomassimo.
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In reality, central bank digital currencies would provide only some of the benefits of a real cryptocurrency and would have numerous drawbacks.
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The Federal Home Loan Bank System is a crucial element of our financial infrastructure. All stakeholders should be included in discussions about reforming it.
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The banking industry needs to seriously grapple with the potential — for good and for ill — that generative AI presents for its future.
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A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
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GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
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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.
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The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
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New data shows a 21% jump in fraud attempts during Thanksgiving week, with automated bots and credential stuffing leading the charge.
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Visa launched its Stablecoin Advisory Practice, a value-added service from its consultancy arm Visa Consulting & Analytics, to help financial institutions, fintechs and merchants deploy stablecoin technology.
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A federal court cannot modify a preliminary injunction to compel the acting director of the Consumer Financial Protection Bureau to request funding for the agency, the Department of Justice said.
The Texas-based community bank is turning itself into a "digital asset financial institution" as the Trump administration pushes crypto-friendly policy and other banks make their bids.
The 23rd annual ranking of women leaders in the banking industry.
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