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Fannie Mae has appointed Hugh Frater, a member of its board of directors, to serve as its interim chief executive officer after Timothy Mayopoulos steps down next week, the company said in a statement on Monday.

The awards will be handed out in March in conjunction with CUNA's Governmental Affairs Conference.

Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay's geographic expansion; NCR terminal gets gas EMV certification; ICICI pushes smart city technology; California cracks down on predicable passwords.

Emotional connections can make a difference when consumers have many different ways to shop and pay, according to Tom Caporaso, CEO of Clarus Commerce.

Despite the real-world use cases being found around blockchain and distributed ledger technology, banks are being warned to be cautious about committing to any such projects.

The heavy workload is not limited to implementing the financial regulatory reform bill enacted last spring, as the agencies also work to craft reforms of the Community Reinvestment Act and adjust key capital measures for the biggest banks.

International migration has hit an all-time high in recent years, with 250 million migrant workers across the globe. This has created a booming new international payments market for remittance providers.

American Banker's Most Powerful Women in Banking and Finance gala, recorded live on Oct. 4 at Cipriani Wall Street in New York City.

Mary Mack, Wells Fargo's head of consumer banking and American Banker's No. 1 Woman to Watch, acknowledged recent issues at the bank, but noted the progress it's made in fixing them.