The Consumer Financial Protection Bureau said it is "optimistic" that a lawsuit challenging the $8 credit card late fee rule can be resolved. The late fee rule is expected to be rescinded by the Trump administration.
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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The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
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The mass shift to remote work has blurred lines between consumer and business pay, creating a greater push for digitization, says Billtrust's Justin Main.
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Toronto-based Ethoca is seeing rising demand from banks and merchants for granular details about purchases, so it’s renamed and tweaked its service delivering digital details.
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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Bank of New York Mellon Corp. announced Monday that it has completed its acquisition of JPMorgan Trust Bank Ltd. in Japan from JPMorgan Chase & Co.
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KBK Wealth Management plans to increase its assets under management over 150% in the next 18 months by recruiting midtier brokers.
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Starwood Capital Group Global LLC, a private investment company in Greenwich, Conn., has hired John McCarthy as global head of asset management.
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WASHINGTON — When Congress returns from recess today, its top financial services priority for the fall agenda will be responding to the crisis in the mortgage markets.
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WASHINGTON — Bankers and consumer groups are clashing in suggestions to the Federal Reserve Board about what it should include in a rule restricting mortgage practices.
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WASHINGTON — Sen. Charles Schumer blamed Countrywide Financial Corp. for helping to driving up home foreclosure rates and said it should stop steering borrowers into risky mortgages.
NBT Bancorp’s planned $10 million commercial real estate fund could have a big upside for its CRA rating, while also improving housing in its communities.
Pandemic funding cuts may pop up in any of the four big-ticket, must-pass bills Congress will take up this year.
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Targeting a 100% gpi ratio for Swift payments among banks will be crucial to enlarging the global reach of payments, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.
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FHFA Director Mark Calabria should ensure the government-sponsored enterprises hold at least 4% of total assets as part of housing finance reform.
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Some technology upgrade can leave databases open to the public internet, creating more risk for payment credential exposure and other risks, contends Ameya Talwalkar, co-founder and chief product officer of Cequence Security.
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As Klarna wins installment lending for the retail giant's OnePay app, rival Affirm seeks to downplay the loss.
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The Connecticut bank said its newly minted president, Steven Sugarman, successfully led a private placement and signed a long-term employment agreement that makes him a potential CEO. David Lowery, current chief executive of Patriot, plans to step down in April.
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Apollo Global Management's billionaire co-founder Marc Rowan described conversations he and Charlie Javice had during her discussions with the bank, including about a one-on-one meeting she had with JPMorgan Chief Executive Officer Jamie Dimon.
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The issues are hindering the Federal Deposit Insurance Corp.'s ability to meet its regulatory duties, according to the agency's Office of Inspector General.
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The breach occurred through a vulnerability in third-party file transfer software, and it took weeks for the bank to discover it.
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Following a media report that Department of Justice staffers have expressed concern about how Capital One's purchase of Discover would affect competition in the subprime credit market, analysts said the portfolio would be tough to sell. But they remain optimistic that the deal will get over the finish line.
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The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald Trump to hit banks in recent days.
The Trump administration's orders to stop supervisory exams at the Consumer Financial Protection Bureau are seen as a potential conflict of interest for Elon Musk, whose company X would have been overseen by the bureau when it launches its payments wallet.
The 23rd annual ranking of women leaders in the banking industry.
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