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The Clearing House is pushing contract terms that would give fintechs quicker access to consumers' financial information, but one large upstart has taken issue with the proposal's language.
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The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths.
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The Veterans and Consumers Fair Credit Act would extend Military Lending Act protections to all consumers.
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The company, which plans to become Altabancorp, said the initiative removes brand confusion and puts its size and scale on display.
November 12 -
After weeks of enduring a firestorm of negative feedback regarding its proposal to launch the Libra cryptocurrency network, Facebook is turning to a more conventional system by joining other "Pays" in launching Facebook Pay.
November 12 -
Visa has purchased a minority stake in Nigerian payment processor Interswitch, giving the card brand deeper access to nearly two dozen nations on the continent.
November 12 -
The road to the White House in 2020 may entail a war against Wall Street and wealth itself, as polling results encourage more candidates to cast a jaundiced eye toward the financial world, Citi warned in a note to clients.
November 12 -
Multichannel payment technology provider Ingenico Group is partnering with Singapore fintech Pundi X to deliver a point-of-sale terminal that can accept crypto payments.
November 12 -
From its start four years ago as a PayPal service, the Xoom mobile money transfer network has positioned itself as an international P2P app that could rival traditional networks through its speed and ease of use.
November 12 -
Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.
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