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The Congressional Budget Office said only community banks would choose to hold higher capital in return for fewer rules while lowering its estimate of cost savings of eliminating new FDIC resolution powers.

The Trump administration’s examination of Dodd-Frank Act powers to allow regulators to seize and unwind a failing megabank is drawing criticism from supervisors at home and abroad.

Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.

Post-merger, the Long Island-based Bethpage will have assets of about $7.4 billion.

Warren Buffett’s Berkshire Hathaway Inc. asked the Federal Reserve to allow it to hold as much as 24.99 percent of American Express Co., a stake that’s been growing because of the lender’s stock repurchases.

Unlike some other family spending tools in which parents dictate what their children can spend on prepaid cards, Malauzai Software and payment technology provider Vantiv are delivering an application that encourages users to let the child decide what to spend.

This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector.

The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.

Financial Institutions in western New York withdrew plans to raise $40 million.

The company behind Android Pay is giving more tools to developers and inking more partnerships in the payments industry. Here are some of the biggest developments surrounding this year's Google I/O event.