Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
With tighter security in the online and mobile channels, fraudsters are turning their attention to vulnerable contact centers, conning eager-to-please phone service reps into coughing up customer information or letting them reset passwords on other peoples accounts.
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A digital-payment trend that began during the COVID pandemic is being bolstered by features such as rewards and state ID storage.
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The Federal Reserve scored some important legal victories in lawsuits challenging its discretion to grant or deny applicants for master accounts. But whether those victories will last through the appeals process or scrutiny from Congress is uncertain.
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The credit and debit card-issuing giant's Chase Media Solutions will help fund new loyalty programs to offset downward pressure on card-swipe fees and the potential erosion of card spending volume from the rise of faster payments and open banking, experts say.
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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Charles Schwab Corp. customers with Android smartphones can now deposit checks into their bank and brokerage accounts.
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The private-equity firm Kohlberg Kravis Roberts & Co. is pursuing a minority investment in ING Group NV's U.S. online bank, according to a person with knowledge of the matter.
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Financial advisers' pasts have always been able to haunt them, thanks to rules that give the public access to records of disciplinary troubles and legal scrapes. Now new rules will push those skeletons even further out of the closet.
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The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.
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The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.
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Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.
The Dallas-based bank is the latest bank to announce plans for a direct lending rollout using nonbank capital.
Federal Reserve Gov. Adriana Kugler expressed support for holding interest rates steady for "some time," while highlighting a move up in some measures of Americans' inflation expectations.
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The Federal Reserve Bank of San Francisco's advances to Silvergate Bank, which catered to the cryptocurrency industry, aren't as worrying as the context — the Federal Home Loan Bank System is a systemically critical node of liquidity in the banking system.
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Interacting with ChatGPT is like hanging out with the best-informed, brainiest acquaintance you've ever had. Surprisingly, it's that characteristic that makes it a boon to the banking industry.
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Regulators must not choke off lending at a time when banks are well positioned to help ease the blow of an economic downturn.
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The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.
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A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business.
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Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program.
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The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise.
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Sen. John Kennedy, R-La., asked acting Federal Deposit Insurance Corp. Chair Travis Hill, who has been tapped to lead the agency permanently by President Trump, for a report within 30 days about progress made in the agency's sexual harassment scandal, saying his vote is contingent on that report.
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During Thursday's earnings call, CEO Michael Miebach said the payment company is partnering with large technology firms and offering consulting for the emerging form of artificial intelligence, attempting to expand a strategy to draw revenue beyond card processing.
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A cohort of more than 100 Republican members of Congress sent a letter to Treasury Secretary Scott Bessent urging the administration to protect and fund a community lending program that has been gutted despite its legal mandate and Bessent's backing.
The company's software automates much of the process of getting money transmitter, lending and other types of licenses.
The 23rd annual ranking of women leaders in the banking industry.
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