In|Vest 2018 Direct

The Federal Deposit Insurance Corp. eliminated underbanked households from its regular survey of the banking system during the Trump era, but the agency is now reversing that decision.

Consolidation results in harms such as higher prices, reduced worker bargaining power and increased barriers to competition. Because of that, regulators must carefully vet these deals.

Sharon Anne Kean is a senior product director at Wise, where she manages global product expansion and oversees launches into new markets. In her role, she is focused on growing Wise’s U.S. operations and has led the company's growth in other markets, as well as driven the product team’s hiring strategy.

Companies like Euronet are focused on the international use cases for real-time payments that often get overlooked by domestic transaction rails.

The data breach, which occurred over a two-day period last December, is the largest disclosure by a mortgage lender this year.

The U.K.’s Payment Systems Regulator will focus a pair of market reviews on the rising card fees charged by Visa and Mastercard. 

U.S. banking giants are poised to return $80 billion to shareholders after this year’s Federal Reserve stress tests, less than last year’s elevated level that followed a pandemic-driven buyback pause.

At the Digital Banking Conference in Austin, Texas, speakers shared advice on technology upgrades, digital leadership and letting go of fear.

Without a rule standardizing data sharing standards, the Consumer Financial Protection Bureau risks the creation of a patchwork system of privacy standards as consumers seek the benefits of an open banking ecosystem.

The rising use of peer-to-peer transfers continues to attract scammers due to the transactions' speed and finality. If the banking industry can't solve the problem, regulators or judges are likely to step in.