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New Consumer Financial Protection Bureau guidelines say overdraft fees "that a consumer would not reasonably anticipate" could be illegal. President Biden and CFPB Director Rohit Chopra promoted them at a press briefing Wednesday.

Binu Sudhakaran is an associate partner specializing in technology and implementation. He is based in McKinsey's Boston office.

Telhio promoted Derrick Bailey to be its next president and said he'll eventually be CEO, though it did not say when he would succeed Leslie Bumgarner at the helm.

Royal Bank of Canada is targeting cuts in the concentration of emissions from parts of its lending portfolio this decade, while shying away from the stronger, absolute-emissions reductions that other global banks have promised.

Once afraid to use her voice, the Barnard College freshman and Young Women's Scholarship Award winner proves that leaders come in many forms.

In global news this week, India fines Google over its payment policy; U.K. regulators crack down on "greenwashing," and JCB tests a digital currency.

Banco Santander said rising costs linked to inflation could leave it short of its efficiency goal for the year while worsening credit quality trends in Brazil were also in focus, even as the lender's earnings beat analysts' expectations.

Barclays plans to hire more than 1,000 staff in the coming weeks to help consumers manage their finances through the looming downturn, according to its CEO.

"Right now, we are seeing nothing but stability," Visa CEO Al Kelly said. But the card network is hedging its bets against a broad downturn by diversifying its opportunities and accelerating new use cases and markets for direct debit payments.

Refining internal processes and reassessing daily workflows is more important than ever at a time when bankers are frequently asked to do more with less.