The Latest

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

Bankers cry foul over Robinhood's checking and savings accounts; Amazon, Google, Apple and PayPal are at odds with big banks over Fed's role in faster payments; Kraninger scraps plan to rebrand CFPB; and more from this week's most-read stories.

The House Financial Services Committee held a hearing to examine the outgoing committee chairman's bipartisan GSE reform bill, but lawmakers were already looking ahead.

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

The combination of CCF Holding, Heritage Bancorp. and Providence Bank will create a $1 billion-asset institution. Veteran bank investor Kenneth Lehman will be its chairman.

Christopher O’Malley is set to lead the California-based institution as Ron Berry retires.

More banks were approved this year than any since the financial crisis. But challenges with raising capital, and a change in the political landscape, could deter prospective applicants next year.

CUNA and the credit union leagues of Illinois and Wisconsin filed a brief in support of an institution that is embroiled in litigation over whether its website meets the requirements of the Americans with Disabilities Act.

Prometheum may succeed whether others have failed because it has attempted to work closely with regulators.

Google Payment, a company owned by Alphabet Inc., obtained an e-money license in Lithuania, joining a growing number of fintech firms that have secured permission from the Baltic nation to offer financial services across the European Union.