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In comment letters to the regulatory agencies, several reform organizations and trade associations took aim at various aspects of an April proposal that they consider too lax or lacking in clarification.

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender's bankruptcy trustee told a Miami jury on Tuesday.

To help people safeguard their card information when they shop online, a handful of fintech startups are developing ways of keeping that information hidden, providing merchants with tokens instead.

American International Group Chief Executive Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as a systemically important financial institution.

To help people keep their card information safe when they shop online, a handful of fintech startups are following Apple Pay's example of keeping that information hidden, providing merchants with tokens instead.

The U.K. Competition and Markets Authority is looking to open application programming interfaces to spur competition in the country's banking sector.

WASHINGTON — The biggest banks are supporting a bill that would ensure that all U.S. companies submit beneficial ownership information to authorities, arguing it would help combat money laundering and terrorist financing.

The embattled firm is offering financial incentives in an effort to kick-start lending, but compliance-focused banks have been slow to respond.

Payment technologies are in an unwelcome spotlight this month, as security researchers expose their weaknesses just as the products are winning a long-desired trust among mainstream consumers.

Dubai-based payment service provider Payfort has formed a partnership with Mastercard to improve fraud-screening and streamline the checkout process for e-commerce and mobile point of sale transactions for hundreds of merchants across the Middle East.