Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
Bank regulators are likely to take further action to force banks to upgrade their cybersecurity processes as hackers continue to find ways to penetrate institutions defenses, Benjamin Lawsky, the top former New York bank supervisor, said Tuesday.
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Canada's government has finalized arrangements with Visa and Mastercard to cap credit card interchange for small businesses; Klarna is expanding its work with the Dutch payment processor Adyen; and more.
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MoneyLion and Pagaya, which were among the many payment companies that fought headwinds in the past two years, are using product and capital markets strategies to help them recover.
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Too few lenders are underwriting unsecured consumer debt, which could help borrowers pay down credit card balances with little risk to lenders.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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High-net-worth individuals invested $2.1 billion in commercial real estate last year, up from $579 million in 2009, according to Real Capital Analytics Inc., a New York research firm.
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Bank of America Merrill Lynch's retirement services unit is generating significant new business, much of it from existing clients of the bank.
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Grantor retained annuity trusts allow wealthy children to pass investment gains on to their parents or grandparents without dipping into their $5 million lifetime gift tax exemptions.
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The Consumer Financial Protection Bureau has published a new "frequently asked questions" tool to help mortgage lenders with TILA-RESPA integrated disclosures compliance.
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Just as the Trump administration appears focused on releasing a framework without Congress, the Senate Banking Committee has re-entered the policy fray with a new proposal.
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Community banks generally make digital a consumer play, but TransPecos Bank, with its BankMD brand, is focusing on doctor practices, which tend to weather economic downturns well.
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
With the Federal Reserve eyeing changes to its annual examination of large bank resilience, this year's test could be the last of its kind.
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The key for bankers to stay safe from mystery shoppers using aggressive techniques — many of whom are well funded by community investment pacts with megabanks — is to adhere to proper lending practices 24/7.
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It’s past time for Congress to investigate these transactions at the federal level.
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The executive order on cryptocurrencies leaves many important questions unaddressed.
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The two banks lead Evident's AI Index, which scores banks according to AI talent, innovation, leadership and transparency.
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Top Democratic lawmakers are asking the full appeals court to hear a case about the Trump administration's efforts to fire employees at the Consumer Financial Protection Bureau.
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The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury's under secretary for domestic finance on a party-line vote, installing a key industry ally in the Treasury Department.
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In a new survey, 28.4% of community banks said that regulation represented an "extremely important" risk, down from 44.1% last year.
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A new report links a surge in consumer complaints to two financial influencers selling dubious advice and products to millions of followers online.
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Don McCree, who has led commercial banking at Citizens since 2015, plans to retire next year. His successor, Ted Swimmer, who was in charge of capital markets, took over on Tuesday.
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The Consumer Financial Protection Bureau will delay its small-business lending data rule by a year, citing litigation and plans to rewrite the regulation in the interim as reasons for the delay.
A flurry of product launches are designed to keep the payment company's merchants in-house by making it easier to deploy artificial intelligence-driven payments and stablecoins.
The 23rd annual ranking of women leaders in the banking industry.
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