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The agency is expected soon to propose a revamp of the 2017 regulation that would eliminate the ability-to-repay provisions, which small-dollar lenders saw as a direct threat to their business.

The U.S. Supreme Court turned away a broad challenge to the structure of the Consumer Financial Protection Bureau, the agency that Republicans say has stifled economic growth through over-regulation.

A tool used by technical analysts called the GTI VERA Convergence Divergence Indicator that detects trend reversals is flashing a sell signal for ether, with the longest buying trend since October ending for the third-biggest digital currency. The shift could foreshadow a negative turn for bitcoin, which is close to a trend reversal as well.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Global payments provider Paysafe Group has appointed Mastercard vice chairman Walt Macnee as an independent, nonexecutive director.

In many ways, the declaration of the end of the merchants' swipe fee case against the major card brands last September with a $6.2 billion settlement is not unlike previous efforts to settle the case — in that it won't truly end the antagonism between merchants and the card brands.

As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.

Walter V. Shipley, the former chairman and chief executive who led the friendly merger of Chemical Banking with Chase Manhattan to create the biggest U.S. bank and predecessor of what is now JPMorgan Chase, has died. He was 83.

Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.

The South Carolina institution has returned more than $31 million to members over the last 22 years.