Stephen Miran will take unpaid leave from and might seek to return to President Trump's Council of Economic Advisers, he said, raising conflict of interest questions in his nomination hearing for a seat on the Federal Reserve Board.
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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Finzly was among the first fintechs to offer banks an API link to the Fed's instant-payments pilot last month, helping the firm hone its capabilities.
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John and Patrick Collison became two of the world's richest millennials over the past decade as Stripe's valuation surged more than 5,000% — an ascent emblematic of the easy-money era. It hasn't been so easy of late.
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Amid the fallout from the Silicon Valley Bank shutdown, some argue that reduced processing time could mitigate systemic disruptions.
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The Certified Financial Planner Board of Standards says it hopes to bridge the gap between advisers and people in their 20s, who are generally considered atypical financial planning clients.
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Bank representatives' productivity rose by a little less than 13% in June, to $25,361 in combined fees and commissions, up from $22,485 in May, according to the Bank Insurance and Securities Association's Monthly Productivity Report.
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The majority of 401(k) participants exhibited steady savings behavior in the second quarter, but the number of loans and hardship withdrawals increased, according to data from Fidelity Investments.
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The House Financial Services Committee, by a vote of 60-0, approved a bill amending key provisions of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.
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The company will pay $186 million for First Bank Lubbock in a deal that also includes mortgage unit PrimeWest Mortgage.
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The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.
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.
In a tough commercial real estate market, sellers are stepping up efforts to entice buyers before plummeting property values force them to accept deeper discounts.
As the Consumer Financial Protection Bureau increases scrutiny of earned wage access, cash-back fees and airline rewards, industry lobbyists are pushing back, while some groups cheer the move.
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From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.
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Omnichannel models and self-ordering kiosks will be key to linking online ease with the in-store experience, and fundamental to making stores safer and more efficient during the pandemic and beyond, says TouchSuite's Sam Zietz.
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The events of this year transformed banking, for better or worse. Smart bankers will build on the ways they learned to do their jobs better.
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U.S. Bank's merchant acquiring unit has expanded its partnership with embedded finance fintech Liberis to offer its small business clients working capital loans.The two companies previously offered loans in the U.K., Ireland and Poland.
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Legal experts say President Trump's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions.
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Aron Levine, the Canadian bank's new U.S. president, said BMO intends to invest in technology and spend more on branches. The company's moves, which also include the recent combination of its U.S. businesses, are part of a plan to boost its return on equity.
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A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.
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The Federal Deposit Insurance Corp. said Tuesday that bank profits slipped slightly in the second quarter as the Capital One-Discover merger drove provisions higher. Loan growth, deposits and insurance fund reserves showed positive signs despite ongoing credit issues.
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The card brand is reportedly focusing on other markets amid uncertainty in U.S. regulations and as banks consider fees for data sharing.
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Bank groups, especially those representing the largest institutions, did little in the way of a public campaign against the provisions in the stablecoin bill that could disintermediate traditional banking, but are picking up steam for the upcoming market structure fight.
The lender, which uses existing credit balances to fund installment loans, has linked to Samsung Pay and plans other partnerships in the future to build a global merchant network.
The 23rd annual ranking of women leaders in the banking industry.
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