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Democrats on the Banking Committee, led by Sen. Jack Reed of Rhode Island, say the peer-to-peer payments network's customer reimbursement and anti-money-laundering policies need more thorough scrutiny.

Credit unions have individually made progress in making their ranks more diverse and inclusive, but their efforts are starting to bump up against the political discourse over "woke" corporate cultures.

President Joe Biden's nominee to lead the World Bank said there's sufficient scientific evidence that burning fossil fuels contributes to climate change, seeking to address criticism about the lender's commitment to the issue under its outgoing chief.

In three years as a subsidiary of $3.2 billion-asset MVB Financial, Chartwell Compliance has tripled its headcount and revenues, MVB CEO Larry Mazza said Wednesday, after announcing Chartwell's sale to New York-based Ankura.

Nationwide Building Society and HSBC Holdings toughened limits on retail customers' access to cryptoassets in the last week, becoming the latest U.K. banks to impose curbs after industry scandals and regulatory warnings.

Jack Dorsey's digital payment company Block said it will be using its own bitcoin reserves to provide liquidity to bitcoin's Lightning Network, a protocol meant to make transactions on the blockchain more efficient.

New research from the Consumer Financial Protection Bureau indicates consumers relying on BNPL loans are much more likely to use payday and pawn loans, revolve credit card balances and overdraw their bank accounts.

The Federal Home Loan Bank of San Francisco confirmed Thursday night that Silvergate Bank has "fully repaid" the $4.3 billion it was lent in advances late last year. The bank had said in a regulatory filing that repaying the advances "could result in ... the bank being less than well-capitalized."

Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y., said that the bill would address some concerns from various regulators, but will steer clear of addressing access to Federal Reserve master accounts.

The Federal Reserve Board of Governors ordered FMB Bancshares to implement significant management changes and capital restructurings in 2009.