A one-time accounting change will boost the bank's ability to spend on marketing. Traders flinched at the change; analysts called it a buying opportunity.
New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators.
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AI agents have the power to automate a number of once-manual tasks: They can conduct background research, generate content, write code and analyze data. In their latest evolution, driven by Visa, Mastercard and other fintechs, payments are now on the menu of services.
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The bureau's Tuesday afternoon announcement follows an earlier statement that it would walk back a rule that places buy now/pay later loans under the Truth in Lending Act's Regulation Z, a move that will ease compliance for fintechs that offer installment loans.
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The pending acquisition is one of several large deals involving payment companies in recent years as legacy firms look for combinations that can counter newer fintech rivals.
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Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.
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The custody bank’s linked-quarter net income dipped due to a decline in earning assets and lower transaction volumes.
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Parents with small children often don’t know about college savings accounts, according to U-Nest founder Ksenia Yudin.
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Home valuation professionals have had mixed feelings about automation out of concern that some forms could result in less accurate assessments.
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The new offering’s loan structure is designed to hedge against digital currency's price volatility.
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While some in the industry support the change, mortgage broker trade group AIME called on the agency to reconsider it.
A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say.
A representative for the bank said JPMorganChase is still dedicated to venture capital investors and new businesses.
The Office of the Comptroller of the Currency said in a bulletin to banks that it will consider whether firms engaged in "politicized or unlawful debanking" when considering bank's licensing applications and Community Reinvestment Act reviews.
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Keeping control of the Senate in 2024 was always a tall order for Democrats. Republicans thus far are on track to eke out a narrow majority — an outcome that would limit a prospective Harris administration's maneuverability in nominations and legislation.
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Pandemic era changes to credit reporting have dangerously distorted credit scores for mortgage borrowers. The market is in worse shape than we realize, writes a former Federal Housing Finance Agency director.
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Congress publicly excoriated the supervisors and CEOs of last year's trifecta of megabank failures. But, what about the directors who were supposedly overseeing those CEOs? The entire chain of bank oversight needs to be rethought from congressional hearing rooms to banking board rooms.
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CEO Gunjan Kedia joined nearly 70 chief executives of Minnesota-based companies in calling for "an immediate de-escalation of tensions" in Minneapolis, where a second resident was fatally shot by federal immigration agents on Saturday.
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Pre- and post-purchase, buy now/pay later loans from Affirm will be available on Fiserv-issued debit cards. Last year, Affirm and FIS inked a deal to bring Affirm's BNPL loans to FIS-issued debit cards.
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The bank technology seller closed the sale of its payment processor to Global Payments, which sold its card issuing unit to FIS. Helping banks get a handle on artificial intelligence is a big part of FIS' plan to reach banks.
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President Donald Trump's recently filed lawsuit against megabank JPMorganChase and its CEO Jamie Dimon is not expected to succeed in court, legal experts say.
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TD Bank has said it's completed "the majority" of the action items for its U.S. compliance remediation.
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The U.K. conducted simulated cybersecurity attacks on its banks' live systems and found they lack basic patching and identity controls.
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Tech giants such as Google and OpenAI are pushing to bring commerce and checkout into their platforms. But for many merchants, solving the question of how payments fit in is less of a priority.
The Federal Deposit Insurance Corp. Thursday finalized a framework for banks to appeal supervisory determinations, replacing the agency's existing appeal committee with an independent three-member panel, one member of which must have industry experience.
The 23rd annual ranking of women leaders in the banking industry.
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