The Financial Integrity and Regulation Management Act would stop prudential regulators from writing rules or guidance that involve any use of reputational risk in supervision.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Trade war bans on payment apps are pressuring large companies and providing opportunities for regional specialists, says Nets' Sirpa Nordlund.
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The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries. Credit card issuers also suffered, as demand lagged heavily for new cards and their overall spending dropped considerably during the year.
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There's a way to manage the tricky balance between rapid digitization and the people who still need or prefer cash, and for Ram Chary it can be found in a casino.
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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American International Group Inc. has announced the promotion of Russell Johnston to president and chief executive officer of AIG Environmental, a unit of AIG Commercial Insurance and one of the largest pollution liability insurance providers.
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John Hancock Financial's fixed annuities unit has announced the promotion of Bill Swartz to a national sales manager.
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New York Life Investments announced Tuesday that it had hired John C. Siciliano to be a senior managing director and head of its investment boutiques.
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While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
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Home prices increased 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index.
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Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."
The company is focusing on the future of online retail banking. Next on its agenda: real people in its wealth management division.
Federal Reserve Vice Chair for Supervision Michael Barr is set to give his first dedicated remarks on cryptocurrencies this week, and observers are looking for concrete examples of what regulators are going to do next in the volatile sector.
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An initiative by Visa and Lloyds doesn't go far enough and is counterintuitive to the card network's move to reduce cash, argues Mark Horwedel, a strategic consultant to CMSPI.
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Policymakers should continue to simplify requirements, so that banks and regulators alike can focus on the most important measures of stability.
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An overwhelming amount of transactions can cause noncompliant payments to fall through cracks. New technology such as AI can be helpful, says Josephine McCann, a senior marketing associate at AppZen.
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Block has combined buy now/pay later with peer-to-peer payments, part of a big bet that younger consumers want an alternative to credit cards.
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The startup announced over $20 million in funding in January and plans to launch in the second quarter of 2025.
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Coastal Financial's Coastal Community Bank arm will instead serve as Dave's sponsor bank, including for its ExtraCash product.
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With regulatory bills making their way through both houses of Congress, stablecoins could soon play a larger role in the financial system — with important implications for the Treasury market.
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A March 2025 survey by the National Association for Business Economics shows growing inflation concerns — and a diminishing chance of rate cuts — in 2025, but also optimism about avoiding a recession.
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Visa and Mastercard have long been in legal battles over payment fees, with out-of-court agreements proving elusive.
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Synchrony Financial's fourth-quarter earnings results missed analysts' forecasts and investors pummeled the stock due to a jump in charge-offs.
USAA claims to have developed the mobile capture deposit technology and has already successfully sued Discover and Truist, among others.
The 23rd annual ranking of women leaders in the banking industry.
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