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The bureau’s new office of competition and innovation will promote competition, host events and seek to make it easier for consumers to switch financial providers.

Citigroup is weighing a deal to buy Deutsche Bank's Mexican bank amid plans to set up a new local unit as it exits retail operations in the country, according to people familiar with the matter.

Martin Gruenberg, the agency' acting chair, said it will be watching commercial real estate and other assets as matters of “ongoing supervisory attention.” 

Cambridge Bancorp in Massachusetts said it would acquire Northmark Bank in a transaction valued at $63 million.

After lying low for a couple of years, wealthy consumers are poised to unleash nearly a quarter-trillion dollars in a card-spending binge that only a COVID-19 resurgence could derail, according to Visa's chief economist, Wayne Best.

The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.  

This panel will explore how issuers can utilize strategic partnerships with tech providers to remain competitive and become leaders in an increasingly digital-first payments landscape.

What's the key for established players in the card space going forward?

This panel will grapple with questions about functionality and form factor of next-generation credit cards.

Driven by heightened e-commerce spending during the pandemic, the BNPL industry will grow as much as 15 times its current volume by 2025 to exceed $1 trillion in annual gross merchandise volume, according to CB Insights. But what does that mean for how credit will look in 5, 10, even 50 years from now?