Criminals are posing as support staff to drain accounts. A court ruling this year threatens to make banks — not consumers — bear the cost.
Early pioneers of this form of artificial intelligence in the banking industry see clear benefits but unexpected pain points that have to be addressed.
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By enabling instant settlement for bank payments at checkout, the retailer is adding speed to an option that reduces card transaction fees. But getting consumer buy-in may be a challenge.
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After Republican presidential nominee Donald Trump said he intends to place a temporary cap on credit card interest rates, many felt the plan would create a large constriction of credit.
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Merchants and card networks have battled over interchange rates for years. How will the next president change the fight?
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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MUFG Union Bank has named a head of private wealth management for its northern California and Pacific Northwest region.
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When a mobile banking vendor told a San Antonio Federal Credit Union it didn't have the capabilities it wanted, the institution took a note from Facebook's strategy with Messenger and created a companion app.
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PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch about $12 billion.
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The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during the economic downturn.
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The former CEO at The Federal Savings Bank, who faces a bribery charge in connection with loans to President Trump's onetime campaign chief, is seeking to keep evidence from his phone out of the upcoming trial.
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![“We want to make sure that our cash [inflows] exceed our cash outflows, so again, we’re looking at a lot of different things, and premiums being one of them, but there are other things that we’re considering as well," FHA Commissioner Brian Montgomery said.](https://arizent.brightspotcdn.com/dims4/default/15b0d4f/2147483647/strip/true/crop/1260x709+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fc0%2Fd2%2F5bd96a5a4a9eb632ac3bfd4b8da9%2Fmontgomery-brian-fha.png)
The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.
![“We want to make sure that our cash [inflows] exceed our cash outflows, so again, we’re looking at a lot of different things, and premiums being one of them, but there are other things that we’re considering as well," FHA Commissioner Brian Montgomery said.](https://arizent.brightspotcdn.com/dims4/default/465ac20/2147483647/strip/true/crop/1260x709+0+0/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fc0%2Fd2%2F5bd96a5a4a9eb632ac3bfd4b8da9%2Fmontgomery-brian-fha.png)
The Greenville, South Carolina-based company said it would pay $80 million in stock to acquire ANB Holdings and its Miami-area bank.
The tentative settlement represents a step toward resolving an issue that hung over Capital One's acquisition of Discover. That blockbuster deal closed on Sunday.
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During Hunger Action Month, firms in the payments and fintech space should consider the many ways they can leverage their products to improve Americans' access to healthy foods.
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The move to create data consortia and proprietary information networks is creating exactly the kind of information silos that money launderers exploit today.
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Educational institutions ought to have some skin in the game when it comes to the student loan market.
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The card network is making a digital wallet push following the Digital Markets Act, which dilutes Apple's control over mobile payments technology.
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What is a dollar? Noelle Acheson highlights how stablecoins are underlining the ways in which the absence of an official definition can have geopolitical and macroeconomic consequences.
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Bank of America was the leader in this study, with Rocket as the only nonbank mortgage lender which got a score higher than the industry average.
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Circle's Dante Disparte and Block's Owen Jennings discuss how blockchain, crypto and AI can combine to open new lanes for international commerce. Payment experts say banks need to play catch up.
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Congress' recent ban on nearly all forms of intoxicating hemp products signals a sharp political turn away from rescheduling, making the prospects for cannabis banking reform even more dim than they already were.
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After two successful international expansions, Junqueira aims to bring Nubank's products to U.S. consumers even as the neobank faces strong competition from U.S.-based banks and fintechs.
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Lancaster, Pennsylvania-based Fulton Financial said Monday it will pay $243 million in stock for Blue Foundry Bancorp, which has lost more than $20 million since converting to a public company in 2021.
GOP lawmakers say current thresholds subject regional lenders to overly stringent oversight designed for Wall Street giants
The 23rd annual ranking of women leaders in the banking industry.
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