A 2024 hospital ransomware breach highlights what Wyden calls Microsoft's systemic failures, urging the FTC to take action.
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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In their rush to control pandemic-related payment crime, many organizations deemphasized protections against older schemes that are now resurgent.
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Delinquency rates in credit cards, auto and personal loans are effectively back to normal after three years of unusually strong credit performance. Industry executives say the current situation is easily manageable, but they do anticipate that key metrics will continue to worsen.
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The financial institution has released a series of new products in response to a slew of competitors pursuing corporate treasury management clients.
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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In a Barclays survey, 60% of wealthy people said they want to continue working as long as they are able, shunning traditional retirement.
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Brokerage firms continue to talk a good game when it comes to social media, but few are actually doing anything about it, and that may turn out to be a mistake.
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TD Bank's disastrous update to its mobile and online banking systems earned the most attention from readers this week, along with stories on whether banks should stop processing payments for gun sales and a look at AML requirements in light of Russian election tampering.
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Financial services groups are calling for more funding for the Internal Revenue Service that could fix flaws in the agency's system for verifying the income of mortgage applicants.
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The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm.
The regional bank announced a near-doubling of the size of its most-senior leadership team, plus expanded roles for two former SunTrust executives and the hiring of a wholesale banking chief from Wells Fargo. Truist is under pressure to improve both its efficiency and its financial performance.
The Conference of State Bank Supervisors cast doubt on an initiative unveiled by Treasury Under Secretary for Domestic Finance Nellie Liang that would establish a federal regulatory framework for domestic payments, saying that state-level supervision "does not … constitute a regulatory gap."
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Moves to protect competition will help fintechs and push innovation, says AppBrilliance's C. Eric Smith.
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The innovation recognizes inventory levels and uses machine learning and sales history to identify the ideal price point to incentivize a consumer to select the product with a limited shelf life, says Quicklizard's Pini Mandel.
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As merchants navigate a rapidly evolving market, invisible payments are becoming a crucial means of offering customers the seamless, simple, and streamlined experiences they crave, says Credorax's Igal Rotem.
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Predators often target boys ages 14 to 17, demanding money or using deepfakes to extort them.
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White House National Economic Council NEC Director Kevin Hassett endorsed insulating the Fed from political pressure but echoed Trump allies' calls for reevaluating its mission.
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The appointment ends a seven-month search for a permanent CEO. Milotich was named interim CEO in February following the resignation of former CEO and director Simon Khalaf.
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The Pittsburgh-based company's plan to buy FirstBank marks its first bank deal since its purchase of BBVA USA in 2021, which rapidly propelled its presence in the South and Southeast.
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How can lenders stop elder fraud when a scam is already underway? One approach, allowed by a growing number of state laws, is to contact someone the client trusts. It's a tactic that can work quickly — or backfire.
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A critical U.S. cybersecurity law sunsets Sept. 30, and banks say losing it would weaken defenses against hackers.
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A bipartisan amendment from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would expand deposit insurance for business accounts, but the industry is split on who should bear higher FDIC premium costs.
Here's what industry experts have to say about a risk that a housing regulator has spotlighted through referrals that have led to high-level allegations.
The 23rd annual ranking of women leaders in the banking industry.
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