A federal district court judge granted an injunction allowing Federal Reserve Gov. Lisa Cook to remain on the central bank's board pending the outcome of her legal challenge to President Donald Trump's move to fire her late last month.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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The card brand is partnering with PayPal, Venmo and other firms in an attempt to erase the friction that accompanies transfers between different apps.
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Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more
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Marqeta's new CEO faces steep challenges in dismantling the fintech's heavy dependence on Square and finding alternative sources of revenue as consumer spending slows.
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Bank brokerage had a terrible 2009 as investment revenue per $1 million in retail deposits fell 12%, according to Kehrer-Limra, which now has full data for last year.
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State Street Corp., known for its passive asset management, may soon expand its small active management business. The Boston company is in talks to buy the asset management unit of Bank of Ireland, according to Bloomberg News.
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The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA rules and other policy fixes.
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Cryptocurrencies continue to dominate much of the news, with a warning on bitcoin taking the top spot and a story about Ripple's partnership with MoneyGram doing well. Housing finance reform, Wells Fargo and the CFPB also featured.
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The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.
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.
The Federal Reserve Board and state regulators signed off on the $1 billion deal, paving the way for a late 2023 closing. The approvals were significant given that other large combinations have run into trouble.
Consumer Financial Protection Bureau Director Rohit Chopra joins the Federal Deposit Insurance Corp.'s two Republican board members in opposing a revamped Basel III endgame proposal, leaving the future of the nascent plan uncertain.
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The next administration must halt the practice of allowing new entrants into the banking system to forgo a full Community Reinvestment Act exam.
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Card payments can't always cut it in different countries, says PPRO's Steve Villegas.
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Finance teams can cut down their workload significantly and free up time to analyze data and make more strategic decisions towards improving customer experience and business growth, says RecVue's Amit Chaudhry.
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Financial technology veteran Steven Pinado, who assumed the fintech's top role this week, says the demand for an easy checkout experience will drive growth.
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BNPL lender Klarna officially revived its highly anticipated IPO, and cryptocurrency exchange Gemini also announced plans for a public offering. The offerings follow Chime and Circle's blockbuster IPOs in June.
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Three lawmakers led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., are beginning to assess the impact that the Trump administration's posture toward the Consumer Financial Protection Bureau has had on overdraft fees.
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The Kansas City, Missouri-based bank bought the deposits from Old National Bancorp, growing its large base of HSA deposits by 1%.
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The American Fintech Council wants Congress to amend the Gramm-Leach-Bliley Act to preempt state privacy laws with both entity-level and data-level exemptions, as well as eliminating restrictions on the secondary use of data.
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Orlando-based Cogent Bank has hired a team to finance single-tenant net lease properties, an asset class characterized by exceptional credit quality.
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Senate Banking Committee Chairman Tim Scott, R-S.C., asked crypto firms to keep spending in elections, and said that they "literally" put Bernie Moreno, Sherrod Brown's successor in Ohio, in the Senate.
The Federal Deposit Insurance Corp. proposed a rule Tuesday that would allow banks to remove FDIC insurance labels except on initial webpages and no longer require alerts warning customers that non-deposit products are not insured.
The 23rd annual ranking of women leaders in the banking industry.
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