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Several crypto-friendly voices join the Senate Banking Committee from Nebraska and Ohio, while Democrats leave a banking policy expert off the House Financial Services Committee.
January 8
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A new EU law that requires interoperability and universal support for instant processing goes into effect this week, providing clarity that the U.S. lacks, while ABN Amro says restrooms generate transaction revenue. That and more news in this week's global payments roundup.
January 8
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Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.
January 8
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In a Wednesday morning speech, the Federal Reserve Gov. Christopher Waller said President-elect Donald Trump's nascent trade policy will likely lead to a one-time jump in prices rather than broader inflationary pressure. He also said he expects further interest rate cuts in 2025.
January 8
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Heightened expectations for increased economic activity could boost loan demand after a soft 2024.
January 8
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Banking relies far too much on human relationships and trust for it to hand over essential questions about perception and judgement to artificial intelligence. The need for human bankers will always exist.
January 8
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The top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined.
January 8
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Credit card issuers for years have looked beyond plastic materials to keep their cards top of mind and top of wallet. But just how much does the credit card material actually affect consumers' spending habits?
January 8
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Former Avantax executive Walters is succeeding Simon Paris as Finastra's CEO.
January 7
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Experian said it has gone "above and beyond the law" to investigate consumer disputes related to the accuracy of information.
January 7
