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The regulatory relief law passed this spring contained a measure to stop synthetic fraud, but the provision is incomplete.

The company has created a municipal group that will focus on nonpublic financing services at a time when loans to bond issuers are declining.

The agency’s consumer complaints database must remain available to the public to help prevent further abuses.

Digital payments are becoming a critical aspect of nearly every new service for merchants or financial institutions.

Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat.

Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services.

The information you need to start your day, from PaymentsSource and around the Web. Today: Hong Kong embraces open banking; Mastercard gets a environmental nod; A bot to fight crime; Contactless donations helps the homeless.

A provision in a bill aimed at strengthening financial options for members of the military currently excludes defense-based credit unions.

With the advent of the quantum computing, current encryption algorithms stand to be broken, and all of our data could be vulnerable as a result, writes Malte Pollmann, CEO of Utimaco.

Starbucks achieved rapid adoption of its mobile card app by building it on top of the highly successful Starbucks closed-loop gift card. Such a model could also apply to the cannabis market, which is largely shunned by mainstream banks and card networks.