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Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.

Less than two years after shutting down its biggest business amid fraud allegations, the Michigan company has sold branches, settled a shareholder lawsuit and returned to profitability under turnaround specialist Thomas O’Brien.

Fannie and Freddie's regulator says the companies must comply with the new Qualified Mortgage standard by the summer, while the Consumer Financial Protection Bureau has extended the deadline to 2022. The conflicting timetables have stoked uncertainty in the market.

Pandemic strategies have shown a ramp up in automation contributes to resilience, says Nvoicepay's Lauren Ruef.

Some banks offer it, but the availability and amount of paid time off for employees to bond with a newborn, recover from a serious illness or care for a sick family member shouldn't be up to employers. It should be the law.

The Treasury Department announced that Michael Hsu, a senior official at the Federal Reserve, would lead the national bank regulator until a Senate-confirmed comptroller is in place.

JPMorgan Chase was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister.

Banks remain well capitalized but hidden risks abound, especially at hedge funds, the Fed’s semiannual report says; the contracts will eventually pay out in cash.

The banks disclosed this week that they are under scrutiny for conduct that may have harmed consumers. The timing raises questions about whether the Consumer Financial Protection Bureau under President Biden is poised to bring more enforcement actions against large banks than it did under Trump-appointed Director Kathy Kraninger.

The visibility of automated transactions provides a clear view of the flow of transactions, says Hummingbird's Joe Robinson.