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Rafael Rogel is vice president and financial education manager at Beneficial State Bank.

Only two de novo banks have opened in 2024, while more than 100 launched annually prior to the 2008 financial crisis. Experts don't agree on how to solve the problem.

Regulators in two countries are strengthening rules requiring banks and merchants to accept paper, while a majority of Canadian payments are now tap to pay.

Scott Simpson is the president and CEO of America's Credit Unions.

The Consumer Bankers Association launched its first campaign using social media influencers to promote credit card education, experimenting with a mix of personalities and refraining from specific card recommendations.

Overdraft fees continue to be in the spotlight, with the Consumer Financial Protection Bureau proposing a rule essentially to cap them. Certain credit unions are also now required to disclose additional information on this revenue stream.

The move signals the end of the Federal Reserve's battle against runaway inflation in the wake of the COVID-19 pandemic. Fed officials expressed divergent views on further action this year.

Richard J. Corn, CPA, is director of product management at BILL.

Heather Senison is an award-winning journalist covering finance, real estate and design. Her writing can also be found in publications like The New York Times, The New York Post, The Real Deal and Forbes. Visit heathersenison.com to connect and learn more about her work.

Nothing less than a whole-of-government approach, in concert with the financial services industry, will be enough to address the spiraling cost of fraud to both businesses and consumers.