The Latest

The federal agency says the company’s products are a threat to national security.

The renewal of the e-commerce giant's cobranded card cements an alliance between two giants of their industries — just as both companies are pushing ahead with products such as buy now/pay later loans that put pressure on traditional credit cards.

Democrats at a hearing on Capitol Hill contended overdraft fees hurt low-income consumers and should be reined in — with Rep. Maxine Waters proposing to make larger banks offer an account without such charges. Yet Republicans said eliminating the fees would drive some consumers toward predatory lenders and away from small banks.

The National Credit Union Administration issued only one prohibition order in March, barring Ashley Davis, a former employee of an institution in New Jersey.

The National Credit Union Administration’s effort to require succession planning has raised questions about whether the agency is micromanaging smaller institutions that may not be able to absorb the added cost of compliance.

Canadian Imperial Bank of Commerce plans to cut the emissions intensity of its lending to the oil and gas sector by 2030, part of a plan to reach net-zero emissions from its operations and financing activities by 2050.

Barclays is raising wages for U.S. workers by at least 21% to $20.50 an hour from $17, joining the ranks of lenders boosting compensation for their lowest-paid staff.

Jamie Dimon just received $56 million of JPMorgan Chase's stock, before taxes, from an incentive program the bank valued at less than half that much just three years ago.

Girls who are seniors at New York City high schools are invited to apply for this program.

The Consumer Financial Protection Bureau heard from proponents and critics of buy now/pay later lending amid its probe of five of the most prominent companies in the space.