The Consumer Financial Protection Bureau's acting Director Russell Vought has an obligation to request funding for the agency, five former Federal Reserve officials said. Plus, three nonprofits sue Vought and the CFPB.
There were bound to be growing pains in the friendship between banks and fintech. Bankers plugged into the world of innovation give their advice on overcoming the challenges.
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The payment company is enabling consumers to stack multiple cash-back offers as a way to lure consumers to its alternative digital wallet.
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The inquiry, which is focusing on the nation's four largest airlines, aims to protect consumers from potentially unfair, deceptive and anticompetitive practices.
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Since launching in summer 2023, the government-backed instant settlement network has attracted hundreds of financial institutions, but there is still room for growth.
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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Morgan Stanley outlined its plans for deploying automated advice tools, with executives emphasizing that it was only a part of its digital strategy.
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Costs from a lawsuit settlement, the modification of some customers' contracts and employee severance costs combined to push down second-quarter profit at Northern Trust in Chicago.
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Propel Venture Partners, the venture capital firm backed by BBVA, led a $7 million investment round in Guideline, a fintech startup focused on 401(k)s.
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The National Credit Union Administration is giving lenders and borrowers extra time to complete appraisals to ensure mortgages are still being completed despite the pandemic.
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The move is part of an effort by CFPB Director Kathy Kraninger to help smaller lenders by significantly raising loan thresholds for collecting and reporting mortgage data.
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The agency is still moving forward on key regulations dealing with payday lending and mortgage underwriting despite new demands posed by the crisis.
The Dallas bank's new CEO, Thomas Shafer, served in top roles at a number of banks that were subsequently acquired before he stepped away from the industry in 2022.
The Federal Reserve chair said there is "room for improvement" in how the central bank conveys economic uncertainties to markets and the public.
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Artificial intelligence is on the cusp of solving some of the most chronic problems facing bank managers. They need to embrace it.
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From hidden fees to misleading marketing, small businesses face too many challenges when making and receiving cross-border payments.
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The Federal Reserve has been reducing its liabilities steadily since last March, and those effects are starting to be felt. But how low it should ultimately go — and how long it can stay low — is a tricky question.
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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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While banks welcome the "whole-of-government" approach that led the effort, private sector takedowns remain difficult without federal warrants.
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A group of European banks have formed Qivalis, which expects to launch its coin in early 2026 as a counter to the U.S. dollar-led market. Plus, Singapore regulators give Ripple permission to expand and other news in the global payments and fintech roundup.
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Treasury Secretary Scott Bessent said the Federal Reserve Board should reject the renomination of any regional Federal Reserve Bank presidents who have not lived in their districts for three years, signaling a potential confrontation when reappointments come before the board in February.
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In a sternly worded letter, Sen. Elizabeth Warren and Rep. Maxine Waters demanded to know why federal agencies haven't provided more guidance since the one-cent coin was discontinued. They accused the Trump administration of making an "abrupt and unilateral decision" without thinking it through.
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As banks change layouts to focus more on customer experience, the ATM company is leaning into AI-powered management and simplified technology sales to keep self-service kiosks relevant.
The Federal Deposit Insurance Corp. said in its Quarterly Banking Profile report for the third quarter that bank earnings hit 2025 highs as falling provision costs, wider margins and steady credit quality lifted industry profitability.
The 23rd annual ranking of women leaders in the banking industry.
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