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Amex has been given the court's blessing to deter merchants from steering consumers away from its pricier cards, raising questions for those pushing newer loyalty strategies.

Aquiline Capital Partners, a New York-based private equity firm focused on investing in financial services and financial technology companies, announced Tuesday the creation of a new holding company that will acquire businesses focused on developing software used to manage and collect payments from groups and organizations.

Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.

The parent company of the consumer lender LendUp has been fined more than $6.3 million by the Consumer Financial Protection Bureau and the California Department of Business Oversight for overcharging borrowers and violating payday and installment lending laws.

Seeking to lower the cost of cross-border payments in some currencies, INTL FCStone Ltd.'s global payments division is launching a real-time financial information exchange that will more accurately provide exchange rates.

Concerns about cross-selling run deeper than the risk of misbehavior. The practice also has a questionable economic rationale.

The move is an example of how banks are looking to fintech entrepreneurs to bring innovation in, and it illustrates the emphasis and importance banks are putting on their mobile channels.

The bad-news stories about the largest institutions are worrisome in light of housing finance proposals that could benefit the big banks even more.

Republican presidential nominee Donald Trump used the first debate late Monday to attack the Federal Reserve Board, reiterating accusations that it has purposely kept interest rates low to help President Obama.

Receiving Wide Coverage ...Good news, bad news: Federal Reserve Governor Daniel Tarullo had some good news and some bad news for U.S. commercial banks on Monday. First, he said the Fed is proposing easing stress-test requirements for banks with less than $250 billion in assets that don't engage in significant nonbank or international activity. But the central bank is also considering a separate proposal, to be issued sometime next year, that would have the effect of "significantly" raising capital requirements for the largest banks that are considered "systemically important," meaning the eight largest.