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The CFPB's recent guidance on so-called "unfair" bank fees has created legal turmoil for banks and financial firms after the White House claimed the bureau's actions were settled law.

Changpeng "CZ" Zhao walked away from his bailout for Sam Bankman-Fried's FTX.com almost as quickly as he offered a rescue.

During the third quarter, the industry braced for a potential recession by making it harder for borrowers to access credit, according to a new Federal Reserve survey. Bankers indicated that they are ready to take stronger action in a downturn that many of them now see as likely.

The prepaid wireless provider needs ways to reduce churn, and it has created a neobank to do that. However, it comes with a boatload of fees.

F.N.B. Corp. in Pittsburgh is cutting a pair of overdraft-related fees by between $2 and $8 — relatively modest changes compared with those enacted by some larger banks. At the same time, it's taking various steps to make it easier for customers to avoid the controversial charges.

Chancellor of the Exchequer Jeremy Hunt plans to cut a surcharge on U.K. bank profits, effectively shielding them from the bulk of an increase in the country's corporate tax rate as the government tries to preserve the competitiveness of Britain's finance industry.

Reeling from a series of scandals and financial troubles, Credit Suisse Group is paying a massive price to drum up demand for bond sales on both sides of the Atlantic that will give it a much-needed injection of cash.

In global news this week, HSBC offers real-time processing for investments, Ant adds buy now/pay later loans in Hong Kong, and Santander limits crypto in the U.K.

North Carolina Republican Pat McHenry, who's likely to be the next chair of the House Financial Services Committee, promised constituents that he would go after "woke corporations" in Washington.

Scams against the elderly are responsible for more than $3 billion in losses each year, according to the Federal Bureau of Investigation. Credit unions say they are seeing more cases, and often the hardest part is getting the victims to admit they've been taken advantage of.