The Latest

On the surface, Walmart Canada's decision to stop accepting Visa credit cards in protest of its fees comes across as simply another conflict between the giant retailer and the card network. But it's setting the stage for something bigger.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

The Federal Reserve Board is getting an earful from critics within and without the financial industry over its proposal to limit banks' credit exposures to a single entity.

WASHINGTON — Ripple Labs obtained a virtual currency license from the New York State Department of Financial Services on Monday, making it the fourth company with a BitLicense.

Visa's Digital Commerce App is allowing banks to develop their own mobile wallets. Many of its clients are larger community banks that may not otherwise have the resources to develop such a product internally.

Illinois Credit Union System (ICUS) CUSO subsidiary, ICUL Service Corp. (LSC), announced it has acquired equity interest in IronSafe, a cloud-based reporting system that offers enterprise report distribution solutions.

U.S. Bancorp in Minneapolis said Terry Dolan will become its chief financial officer on Aug. 1. Dolan currently serves as vice chairman of wealth management and securities services.

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores.

The Federal Trade Commission claims two Southern California law firms bilked people for $15 million in a single year in a mortgage scam.

Even if the lower-court decision against the Financial Stability Oversight Council is upheld, there remains a compelling case to reform how the council designates large nonbank firms.