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The Federal Reserve is asking the payments industry for input on securing faster payments processing.

Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.

Want to boost member engagement? You’ll need to get your members to pull out their smartphones.

The China-based payments company has long sought to enter the U.S. market.

Consumer Financial Protection Bureau Director Richard Cordray has revived an ongoing dispute between banks and fintech firms over screen scraping, a method certain companies use to obtain access to consumer bank records.

At this week's Money2020 conference, payment execs like PayPal's Bill Ready say consumers will make purchases in a broad context of shopping, and if merchants aren’t poised to meet their audiences there, they will get left behind, Ready said.

The online lender is entering the car-loan market at a time when some banks are scaling back and regulators are sounding the alarm about deteriorating underwriting standards.

The planned sale of its aircraft leasing unit is expected to leave CIT awash in excess capital, making it difficult for it to achieve a 10% return on average tangible common equity by 2018. So the company said Tuesday that is bringing in Boston Consulting Group to identify cost cuts and revenue enhancements and help CIT hit its profitability targets.

Executives pointed to cost reductions, revenue opportunities and improving returns as early indications of success. Management also touted Key's quick response to a integration snafu that "impacted a very small percentage" of First Niagara clients.

The piling on at Wells Fargo has reached an unprecedented level, even for a bank. Fifteen investigations are underway into Wells' phony account openings. Experts are quantifying the damage to Wells' reputation and what the bank can do going forward to repair it.