The all-stock acquisition of Mountain Commerce Bancorp in Knoxville marks the Arkansas-based company's first M&A foray since 2022.
U.S. Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.
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Merchants and card networks have battled over interchange rates for years. How will the next president change the fight?
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Apple's credit card business is up for grabs, presenting a chance to cross-sell financial products. But that opportunity comes at a cost.
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Regulators in two countries are strengthening rules requiring banks and merchants to accept paper, while a majority of Canadian payments are now tap to pay.
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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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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Nearly six months into its partnership with TD Bank in Canada, Moven is on the hunt for additional partners as it looks to take its real-time spending insights to the masses.
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The large custody bank was one of the first U.S. banking firms to embrace robotic process automation. Here's why a 232-year-old institution took a pioneering stance on a new technology.
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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.
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The bipartisan coalition of AGs said homeowners should be allowed to wait until the end of a loan term to make payments they skipped because of the coronavirus.
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More than a dozen firms have struck agreements with nine states to provide forbearance to customers struggling to make payments in the midst of the coronavirus pandemic.
![“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 Delaware-based bank filed a complaint against two companies that built a WSFS logo display in downtown Philadelphia. Part of the signage eventually broke off in what the bank called an "almost-tragedy."
Firing 90% of the Consumer Financial Protection Bureau's staff and stripping it down to "the statutory studs" is lawful, an attorney for the CFPB told an appeals court.
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As the United Nations General Assembly convenes in New York to discuss global development, delegates must not overlook the importance of financial services for small businesses in emerging economies.
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As cannabis becomes more and more commonplace, reasonable people might wonder why Congress hasn't made it easier for banks to serve legal cannabis businesses. But maybe giving big banks and capital markets a green light to dive into cannabis with both feet is an outcome worth avoiding.
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A proposal by Sen. Josh Hawley to cap credit card interest rates deserves to be taken seriously, but requires far more detail than the legislative language provides.
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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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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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The New York bank already offers tokenized deposits, which allows global clients to move money around the world instantly, and it's building a crypto custody platform.
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 23rd annual ranking of women leaders in the banking industry.
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