The Latest

A new business group led by Republican heavyweights will launch its first seven-figure ad campaign this week. The target: legislation taking aim at a key source of revenue for Visa and Mastercard.

The platform will use artificial intelligence to create customized experiences for users.

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.

The National Credit Union Administration order says the small credit union must address "supervisory concerns" by conducting certain auditing and fraud reviews and taking other corrective steps.

The portfolio purchase, which follows the sale of MUFG Union Bank to U.S. Bancorp, represents about 32% of LendingClub's own personal loan portfolio. It should help boost the online lender's growth while using some of its excess capital.

The Consumer Financial Protection Bureau is investigating whether the cryptocurrency lender Nexo Financial is abiding by consumer protection laws, according to documents released this week. The CFPB rejected the company's argument that the agency has no authority to conduct the probe.

The Federal Reserve Board of Governors voted 6-1 to seek public comment on a new regulatory framework for climate-related financial risks. The requirements would add to existing risk management standards.

There's an opening for Congress to pass a narrow digital-asset regulation bill before the year's end after the collapse of the crypto exchange FTX, Sen. Pat Toomey said.

Across Wall Street, this year's bleak expectations for banker bonuses are rapidly proving true, as a slump in dealmaking ends the industry's war for talent and firms regain the upper hand in setting pay.

Baseball great joins Farmers National team, waiting game ends for two deals and more in banking news this week.