The Latest

The Vermont senator lashed out at the JPMorgan Chase chief on Twitter after Dimon criticized socialism in an op-ed published earlier this week in Time magazine.

Former CEO John Stumpf agreed to pay a $17.5 million penalty while ex-community banking chief Carrie Tolstedt faces a potentially $25 million fine for sales-practices misconduct. Other former officials could face fines totaling $16 million.

In a move to increase the attractiveness of its Real-Time Payment (RTP) network, The Clearing House is raising the transactional limit for single payments to $100,000 starting February 1, 2020.

Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.

In a move to increase the security of card transactions, the Reserve Bank of India (RBI) is requiring all advanced features such as contactless to be turned off for new and re-issued cards until the user opts-in.

While the size of the global remittances market may ebb and flow with the global economy, one thing is clear – it’s massive, at over $700 billion in payments each year and growing.

Moving to an open banking system comes with both costs and benefits that each bank will need to weigh before diving in.

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

An early warning system for bad bank loans is taking effect this year. Beware false alarms.

JPMorgan Chase & Co. and United Airlines Holdings Inc. sweetened rewards on their credit cards as the companies continue to renegotiate the terms of their longtime partnership.