President Donald Trump said that lawmakers should support legislation that would require credit cards issued by most large banks to offer merchants the choice between two unaffiliated card networks, one of which cannot be Visa or Mastercard.
Google's new voice assistant technology may be the best right now at imitating human speech. That makes it a potentially powerful tool for bankers — and for cybercrooks.
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By enabling consumers to link multiple payment options together, the card network can counter similar moves by rival Visa and fintechs such as Curve.
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Regulators are investigating the technology giants over concerns their financial apps are violating competition rules. That and expanding tech in emerging markets highlight this week's American Banker global payments roundup.
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The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
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The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.
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Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business.
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A Swiss financier has agreed to buy Brickell Bank a year after another sale fell through.
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The company also reported a large fourth-quarter loss that reflected a significant increase in its loan-loss provision.
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Though the pandemic recession has driven up the delinquency rate on Federal Housing Administration loans, the president's appointees are widely expected to reduce mortgage insurance premiums by at least 25 basis points to make home loans less expensive.
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The company is exploring a range of options to diversify its balance sheet, but new CEO Thomas Cangemi says the best plan of attack is to merge with or acquire another institution.
Genpact's new platform promises to reduce the number of past-due invoices to less than 3% in most companies.
CEO George Gresham has left the struggling fintech, which will now explore potential strategic alternatives.
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency proposed a rule that would revert the anti-discrimination framework to its 1995 standards.
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The collection of beneficial ownership data is vital to fighting money laundering. It should be more broadly accessible, and should cover more businesses.
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Instead of painting unionization as a barrier to business success, we should consider it an opportunity to rebuild trust, integrity and responsibility within the banking sector.
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The Securities and Exchange Commission has asked a judge to impose a penalty on Ripple that roughly matches the amount of profit the agency estimates Ripple and its leaders made from sales of XRP, which the SEC says are unregistered securities.
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Significant regulatory, legislative and business developments could shape the industry this year, putting pressure on banks to respond.
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Several large U.S. banks reported an uptick in overdraft-related income for the first three quarters of 2025. Economic pressure on consumers may be to blame, some banks and industry observers say.
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Employers added 50,000 jobs in December, with gains in service industries while broader sectors remained mostly flat, supporting the Fed's cautious stance on further rate cuts.
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President Trump's concept, which is framed as a potential bipartisan effort, could mean a new route to a goal Dems targeted via foreclosure sale restrictions.
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The proposed rule codifies the ability for trust companies to conduct non-fiduciary activities, something banks say Congress never intended, but that OCC says has long been the case.
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The Federal Reserve will resume accepting pennies from banks and credit unions at all commercial coin distribution locations beginning Jan. 14. The central bank had ceased accepting pennies at some distribution centers late last year, but bankers praised Thursday's reversal.
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New disclosures show the ransomware attack on the marketing vendor affected far more community banks and credit unions than initially estimated.
Even as oil stocks jump and lawmakers clash over Trump's decision to intervene in Venezuela, experts say U.S. banks face little short-term risk, and any energy payoff is years away.
The 23rd annual ranking of women leaders in the banking industry.
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