Even with the 4 basis point rise in the 30-year fixed over the past two weeks, mortgage rates are still hovering near three-year lows, Freddie Mac said.
For high-value, low-volume transactions, that is. Big Blue formally launched the platform Tuesday, but the custody bank has been using it for months, as has a group of Canadian institutions.
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The online-only bank and its payments partner are making fresh progress in the often stodgy and slow-moving (but steady) area of automated clearinghouse
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Almost 15 months after its announcement, Capital One Financial Corp.'s takeover of Discover Financial Services was officially completed on Sunday, creating the largest credit-card issuer by loan volume in the US.
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The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
Readers respond to how Congress should address AI, concerns on Facebook's Libra and its logo, a report challenging card fraud prevention and more.
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From partnerships with law enforcement to Toys for Tots drives, here's how credit unions are making the holiday season special for those in need.
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Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.
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The Massachusetts bank has offered wealth management services in the state for several years.
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The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.
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The Consumer Financial Protection Bureau argues borrowers in the case had a right to answers even if the inquiries were origination related and foreclosure litigation was pending.
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The core function of the Federal Home Loan Bank System — advances to member institutions — plummeted 20% last year to $350 billion, its lowest level in 15 years. That erosion of purpose is emboldening critics, who say the Home Loan banks need to change or face irrelevance.
Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers' wallets is a cause for concern at banks that rely on borrowers' ability to repay their debts..
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
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As more women generate and steward great wealth, they must also strive to develop and maintain financial wellness. The wealth management industry has a vital role to play in helping dynamic women on their journey.
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Cannabis is becoming a big business in the U.S., but companies in the field still struggle to find financing. A broadly accepted way of assessing their creditworthiness would be a huge help.
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It's unclear what will happen when the Fed starts cutting interest rates, but community banks will be there to support their customers no matter what the economy looks like.
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Faraz Shafiq, formerly of AWS and Google, will oversee the bank's vision for enterprise-wide artificial intelligence initiatives.
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CEO Gunjan Kedia joined nearly 70 chief executives of Minnesota-based companies in calling for "an immediate de-escalation of tensions" in Minneapolis, where a second resident was fatally shot by federal immigration agents on Saturday.
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Pre- and post-purchase, buy now/pay later loans from Affirm will be available on Fiserv-issued debit cards. Last year, Affirm and FIS inked a deal to bring Affirm's BNPL loans to FIS-issued debit cards.
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The bank technology seller closed the sale of its payment processor to Global Payments, which sold its card issuing unit to FIS. Helping banks get a handle on artificial intelligence is a big part of FIS' plan to reach banks.
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President Donald Trump's recently filed lawsuit against megabank JPMorganChase and its CEO Jamie Dimon is not expected to succeed in court, legal experts say.
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TD Bank has said it's completed "the majority" of the action items for its U.S. compliance remediation.
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Mortgage borrowers filed a third amended class action complaint against the bank over modification issues from 2010 to 2015.
Tech giants such as Google and OpenAI are pushing to bring commerce and checkout into their platforms. But for many merchants, solving the question of how payments fit in is less of a priority.
The 23rd annual ranking of women leaders in the banking industry.
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