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Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks.

New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws.

Vice Chairman Randal Quarles’ public dissent raises questions about how the board will proceed on other policy debates.

FinApps has filed a lawsuit that claims the data aggregator swiped its proprietary credit risk software while the two did business together.

Shinhan Card has begun piloting facial recognition payments with its employees at its headquarters’ retail facilities in partnership with South Korea’s largest convenience store operator BGF Retail.

Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.

Data collection and analysis is more accessible than ever before, and credit unions must use this tool if they want to successfully compete.

Virtual assistants are being brought forward into a variety of other internet-of-things devices such as automobiles and appliances, with the goal of finding new moments where consumers are willing to spend money — sometimes guided by machine learning.

Three years ago, payments technology provider Dwolla submitted a 164-page proposal to the Federal Reserve's Faster Payments Task Force. This week, the Fed unveiled a plan for its own faster payments system, but Dwolla had already moved on to other projects.

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.