The Latest

PayPal Holdings Inc. reported first-quarter sales and profit that beat estimates, adding customers against an onslaught of competition from credit-card issuers, startups and smartphone makers looking for a piece of the fast-growing digital payments market.

Wells Fargo will soon roll out eyeprint verification for its commercial customers using its mobile banking platform.

Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R.-Tenn, about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.

Visa issuers will be required by October of this year to provide a transaction alert service to cardholders — but if they don't have a plan in place this week, Visa will step in with its own offering.

Two startups are working to educate millennials on the importance of credit and issue them small credit lines. Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group.

Shares of Valley National Bancorp. slumped Wednesday after the Wayne, N.J., company reported a first-quarter profit that fell short of analysts' expectations.

State regulators led the way with a bevy of comments suggesting ways NCUA should overhaul how the agency is funded.

Bank of America executives plan to keep investing in technology and selectively expanding its branch presence, but it is urging increasingly restless shareholders to be patient so that it can grow gradually and avoid the pitfalls of banking's recent past.

The Financial Accounting Standards Board gave final approval Wednesday to its controversial Current Expected Credit Loss standard, but agreed to delay its implementation deadlines by a year in response to protests from banks and credit unions.

First-quarter net income at the $22 billion-asset company fell 6.4% to $69 million year over year and earnings per share fell 6.7% to 98 cents.