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Consumers in the U.K. are preparing a 19 billion-pound ($24.5 billion) class action lawsuit against MasterCard Inc., almost two years after a European Union court ruled the processing fees the company had charged for cross-border transactions were unfair.

Under Rep. Jeb Hensarling’s proposed legislation, some banks might raise capital levels to get regulatory relief. Others might choose to grin and bear the current level of micromanagement. The result would be a more diverse banking sector.

When surveyed, consumers will say security is far more important than convenience when making a payment — until they reach the checkout. Then convenience feels pretty good.

HCSB Financial in Loris, S.C., has recruited its third executive since completing a key recapitalization.

Blackmoon, a Russian financial technology startup that analyzes, screens and prices loans issued by others to sell on to investors, is opening a U.S. office to expand in the world's biggest market for non-bank lending.

Bank consolidation in 2016 continues to lag behind last year's pace, although the average deal value is considerably larger.

Wells Fargo got less than it wanted in a federal tax-refund lawsuit, yet the bank's partial victory may spur billions of dollars in similar refund claims from companies that have done repeated mergers and acquisitions, tax lawyers say.

Millennials, who alreadymake up a third of banked consumers in America, are used to transacting life in clicks and swipes. Institutions must embrace their needs now or risk extinction.

Bank of England Taps Capital Buffer to Spur Loans

Recent headlines are revealing just how challenging it is to send cross-border payments into emerging markets. Nowhere is this more apparent than in the case of sending low-value mass payouts for business.