The Latest

The state joins Illinois and Massachusetts in subjecting nondepository companies to state-level Community Reinvestment Act requirements.

JPMorgan Chase’s Daniel Pinto is moving to New York City as he prepares to assume the role of sole president and chief operating officer at the biggest U.S. bank.

FV Bank will let users hold crypto and traditional currencies in the same account. It says it can do that because it’s licensed in the U.S. territory as a bank and a digital-asset custodian.

The President's Working Group on Financial Markets is urging Congress to limit stablecoin issuance to insured depository institutions and subject cryptocurrency wallets to federal oversight.

Since the pandemic began, many members of small credit unions have defected to banks that offer better digital products and services. The credit unions are focusing on in-person banking or catering to small businesses and other niches to rebuild their customer base.

Fintechs have begun offering consumers installment-lending options to pay for airfare, putting competitive pressure on banks and credit unions that rely on travelers for significant credit card volume.

The relaxation of Community Reinvestment Act and fair-lending enforcement by the OCC after President Trump took office deprived minority and low-income applicants in Memphis who sought credit from the bank for far too long.

European authorities have linked the operation to investment scams that predate its sale to ING in 2018.

Barclays Chief Executive Officer Jes Staley is stepping down amid a U.K. regulatory probe into how he characterized his past ties to the financier and sex offender Jeffrey Epstein.

Scott Anderson, president and CEO of Zions Bank, was recently elected chair of the American Bankers Association. In an interview, he encouraged Washington to scrutinize tech giants’ moves into financial services but expressed concern about some potential implications of financial agencies’ spotlight on climate change.