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Banks have extra reason to be concerned by the news that a commonly used piece of software could be exploited by hackers.

Capital One Financial agreed to pay $190 million to settle a class action filed against it after a hacker broke into its cloud computing systems and stole their personal information.

Wyoming Republican Sen. Cynthia Lummis, one of the crypto industry’s staunchest supporters in Congress, is planning to introduce a comprehensive bill next year that would cover everything from how digital assets are taxed and categorized to consumer protections. 

The buyer, Union Bank of the Philippines, will pay about $904 million for Citi's local credit card, unsecured lending, deposit, brokerage and investment businesses.

There are more than 20,000 Holocaust survivors in the New York City area, and roughly a third of them are said to live in poverty. New York-chartered financial institutions should voluntarily waive transfer and processing charges on payments to reparations recipients, the state’s financial services regulator says.

The mission of the North Carolina company, founded by banks to archive digital images of checks, has evolved over the last 20 years. It is migrating to a public cloud to help it expand beyond check services.

President Biden extended the pause on federal student loan repayments by another three months as the U.S. faces a fresh wave of COVID-19 cases from the omicron variant, removing a near-term threat to millions of Americans’ finances.

These executives are adapting to changing customer demands amid rebounding M&A and coronavirus-related challenges.

Maxine Waters, the House Financial Services Committee chair, is questioning Federal Deposit Insurance Corp. chief Jelena McWilliams's claim that board Democrats' request for comment on merger policy was invalid without her support.

Consumers are pushing card networks and issuers to develop programs that reward them for spending on sustainable products and other initiatives to mitigate climate change.