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The instant payments company announced a $155 million fundraise and has filed to acquire Transact Bank, which it wants to convert into TabaPay Bank.

Settlement services, whose debt-reduction models require advising borrowers to default on their loans, wreak havoc on their customers' credit ratings, often leaving them worse off than they were before.

The federal government has largely stepped back from enforcing antidiscrimination laws in lending and housing. Under a recently passed bill, regulators in the nation's most populous state would seek to fill the void.

The Federal Reserve's Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.

RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard's pending purchase of Altruist put Altruist RIAs in the same position?

Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.

The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.

Regulators issued a joint statement Wednesday clarifying that banks can discuss facts surrounding suspicious activity with customers so long as they do not disclose the existence of a suspicious activity report explicitly. 

Block added 30,000 sellers to what it calls "Neighborhoods," a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company's then-separate business lines to achieve network effects.

The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.