The Consumer Financial Protection Bureau plans to transfer its entire enforcement and legal divisions to the Department of Justice and is likely to staff in those units, according to sources briefed by agency leadership.
The U.K.'s referendum vote to leave the European Union has thrown cold water on London's reputation as a friendly venue for innovation in payments and other industries.
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Washington policymakers are not adopting policies necessary to keep the U.S. on the cutting edge in payments. Fortunately, the dual banking system offers an alternative path forward.
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Micromanaging the terms under which payment networks are willing to process debit-card transactions is bad for both businesses and consumers. Congress has the power to roll back intrusive regulations.
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The financial institution, which downsized earlier this year, is trying to broaden its scope to retain businesses that don't want to use multiple providers.
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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Bank of New York Mellon, the worlds second-largest custody bank, reported a third-quarter profit that beat analysts estimates as the company cut expenses to offset the impact of lower interest rates.
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Wealthy women dont necessarily think they do well managing their own money, according to a new study by Regions Financial.
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Profits at First Republic Bank fell slightly in the third quarter as increased salary and benefits costs and a decline in noninterest income could not offset strong growth in loans, deposits and wealth management assets.
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The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.
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The banking industry could finally have answers soon on the degree of agreement between regulators reforming the Community Reinvestment Act, how they envision CRA zones of the future and other key matters.
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A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.
He will succeed Kevin Riley, who previously announced plans to step down this year. Reuter retired last spring after leading FirstBank Holding in Colorado since 2017.
Federal Reserve officials have all but conceded their claims to bank oversight independence while holding fast to monetary policy independence. But whether that line will hold is an open question.
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Banks that haven't built a plan to implement the Federal Reserve's new real-time payments system still have time to make up lost ground.
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If the U.S. and Canada don't develop a coherent framework for regulating the industry, North America risks broader losses to other growing industries, like fintech and artificial intelligence.
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Years of consolidation have damaged competition in the banking sector. Regulators should be more, not less, restrictive about approving mergers.
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Witnesses and lawmakers at a House Financial Services Committee hearing gave a more downcast view of a Senate deposit insurance reform proposal, with many House committee members expressing cost concerns.
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In the company's first earnings report since going public, CEO Sebastian Siemiatkowski offered what analysts called a conservative Q4 outlook while laying out its growth plans that included an expanded distribution network, increasing its long-term installment loan penetration with merchants and becoming a full-fledged neobank.
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An October staff memo from the Federal Reserve's Division of Supervision and Regulation outlines changes to how supervisory activities will be carried out, including a greater emphasis on relying on examinations conducted by state banking supervisors.
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The Office of the Comptroller of the Currency issued an interpretive letter Tuesday that would allow banks under its jurisdiction to hold small amounts of network tokens to test and process customer transactions.
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Treasury Under Secretary for Domestic Finance Jonathan McKernan said he is concerned that the traditional bank funding model of taking in low-cost deposits and making more lucrative loans could be set for a shakeup as fintech challengers get more competitive.
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An activist investor is seeking more information on how, and when, the largest bank deal of 2025 came together.
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Ninety banks made American Banker's annual Best Banks to Work For ranking, which is now in its 13th year. Find out why the banks ranked 21st to 90th stand out.
American Banker's 2025 Best Banks to Work For ranking includes perennial winners and several newcomers. Here's how the leaders of the top 20 banks keep their employees happy.
The 23rd annual ranking of women leaders in the banking industry.
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