The Federal Reserve is slated to undertake a number of important rules and regulations in 2026, but decisions around agency leadership and the Trump administration's avowed effort to exert greater control over the central bank are likely to leave a lasting legacy at the agency.
Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.
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In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; the Bank of Nova Scotia has completed its second investment in KeyCorp; Fiserv entered into a definitive agreement to acquire Canadian-based payments fintech Payfare; and more in this week's banking news roundup.
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Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
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From embedded finance to artificial intelligence to real-time processing, there are plenty of sources of competition and opportunity in the new year.
IBM is set to announce new tools on Wednesday aimed at reducing the compliance burden of financial institutions and sifting through the mounds of data they collect by using Watson, its cognitive computer.
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Being in the forefront of change is nothing new for Michelle Neal, who leads BNY Mellon Markets.
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It took a lot of soul-searching, but BNP Paribas' Claudine Gallagher ultimately turned down a job with a rival custody bank last year because, she concluded, there's nothing quite like building a business from scratch.
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Part of Julie Monaco's role at Citigroup is to understand the worries of governments and central banks around the world.
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The former chairman of the National Credit Union Administration will work with the fintech to broaden its reach in the credit union space.
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Customers suffered when they were placed in mortgage relief plans without their consent, the Massachusetts senator says. She urged the Federal Reserve to take the blunder into account as it weighs when to lift other sanctions against the bank.
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The proposed best practices would be modeled after federal servicing standards and be used to supervise nonbanks firms subject to state regimes.
The Rutherford-based Blue Foundry Bancorp reported an eighth consecutive quarter of red ink, but a widening margin and positive loan growth trends hint at better times ahead.
Regulators proposed a rule to replace the 2% enhanced supplementary leverage ratio with a capital charge equal to half of a bank's global systemically important bank surcharge. Low-risk assets will continue to count toward leverage requirements under the proposal.
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The risk of harm to users' financial health is much greater with direct-to-consumer advances than it is from earned wage access programs.
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Who controls the administrative agenda is the most important outcome of the election for banks. But the road to controlling that agenda runs through the Senate, where the political dynamics are considerably different than at the top of the ticket.
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Zeke Faux, a Bloomberg journalist, describes his two-year odyssey to better understand cryptocurrencies in his book "Number Go Up." His work proves to be an entertaining deep dive into an industry riddled with scams.
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Proxy advisory firm Institutional Shareholder Services recommended approval of Fifth Third's $10.9 billion proposed acquisition of Comerica.
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The Consumer Financial Protection Bureau in an advisory opinion said that "covered" earned wage access products should not be considered an extension of credit under the Truth in Lending Act. It also said that expedited delivery fees and tips should not be considered finance charges.
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The cryptocurrency company has entered partnerships with big banks and payment giant Klarna in recent days. Coinbase exec Brett Tejpaul says the GENIUS Act is creating an opportunity to sell a broad range of digital asset technology.
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Terron T. Brown used stolen mail and social media recruits to defraud banks such as PNC and Bank of America of millions, highlighting a rising industry threat.
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Some consumers have been waiting a year and a half to get their money back.
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Ida Liu, who resigned from Citi earlier this year, will join HSBC on Jan. 5 as the CEO of the private bank. Liu will be tasked with accelerating the growth of the private bank "at a defining moment for wealth," she said in a LinkedIn post.
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The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser's focus on being a simpler, smaller bank.
The Birmingham-based lender is opening its first branch in Houston, following a wave of banks rushing into the Lone Star State as its economy continues to boom.
The 23rd annual ranking of women leaders in the banking industry.
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